SpaceX has raised its IPO valuation target to over $2 trillion as it prepares to market what could be the largest IPO in history to potential investors. SpaceX's valuation is expected to grow by nearly two-thirds within months. In February, SpaceX acquired Elon Musk's xAI, valuing the combined company at $1.25 trillion. A listing with a valuation exceeding $2 trillion would give SpaceX a market capitalization exceeding all companies in the S&P 500 except Nvidia, Apple, Alphabet, Microsoft, and Amazon, as well as Meta and Tesla. SpaceX has secretly filed for an IPO, with the listing potentially taking place as early as June, and is expected to raise up to $75 billion, far surpassing the previous record of $29 billion set by Saudi Aramco in 2019. The funds raised will be used for space-based AI data centers and lunar factory projects. SpaceX has selected Bank of America, Citigroup, Goldman Sachs, JPMorgan Chase, and Morgan Stanley as lead underwriters for its IPO and plans to hold a conference call with the banking syndicate next Monday, followed by an analyst briefing later in April. Bloomberg Intelligence analysts point out that SpaceX's revenue is projected to reach nearly $20 billion by 2026, with launch operations and Starlink contributing the majority of that revenue.