SpaceX, Tesla (TSLA) CEO Elon Musk’s rocket, satellite and AI company, has increased its target IPO valuation to more than $2T, as the globe’s most valuable startup prepares to pitch the potentially largest public listing ever, Bloomberg’s Kiel Porter, Eric Johnson, and Bailey Lipschultz report. The company and its advisers are floating the figure to possible investors in its IPO ahead of meetings in the coming weeks, the authors say, noting such briefings would likely include more details that would support the valuation. Publicly traded space companies include Intuitive Machines (LUNR), Voyager Technologies (VOYG), Rocket Lab (RKLB), and AST SpaceMobile (ASTS).
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