SpaceX will make its public markets debut on June 12, according to The Wall Street Journal.

The company, led by Tesla founder Elon Musk, is aiming to raise $80 billion or more in what could be the largest initial public offering in history.

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Few IPOs have generated as much hype as SpaceX. Following Cerebras' recent successful IPO, market demand for artificial intelligence companies is strong.

Valuation and Registration Timeline

Citing anonymous sources, the Journal reported that SpaceX hopes to raise at least $80 billion.

Other media outlets suggest the valuation could range from $1.75 trillion to $2 trillion or higher.

If SpaceX is to IPO by June 12, it may need to file a registration statement by mid-week.

Investors have been eagerly awaiting more details on the company.

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SpaceX has already confidentially filed for an IPO targeting a $1.75 trillion valuation.

SpaceX's Role in the Space Economy

Investors view SpaceX as a pioneer in the space economy. The company uses reusable rockets to launch astronauts more quickly and efficiently at lower cost.

As of June last year, SpaceX had conducted 18 space missions with astronauts, 11 of which were for NASA.

It is also the parent company of Starlink, a low-Earth-orbit satellite network providing internet access globally.

Starlink reportedly has nearly 10,300 satellites in orbit, with a goal of 42,000. At the end of last year, the company announced 9 million Starlink users.

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Integration with Artificial Intelligence

Earlier this year, SpaceX acquired Musk's AI company xAI, parent of the digital assistant Grok.

The deal, announced in early February, valued SpaceX at $1 trillion and xAI at $250 billion.

Gene Munster of Deepwater Asset Management said SpaceX is the only company building sovereign AI, owning the entire AI stack from intelligence to chips to data centers.

Musk and stakeholders see SpaceX as a bridge to all space ambitions.

The Wall Street Journal recently reported that SpaceX and Google are discussing building data centers in space.

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The company has also tied parts of Musk's pay package to the colonization of Mars.