Musk's SpaceX wants to go public. IPO filing expected to be largest in history

SpaceX has filed for its initial public offering as it moves closer to offering public shares, according to multiple media reports Wednesday.

The company, which is based in Texas, could set the largest IPO offering in world history. The current record is set by Aramco, which raised raising $25.6 billion when it offered shares for the first time in 2019, per the New York Times.

SpaceX, founded by Elon Musk two decades ago, is a leader in the aerospace field. It bought another Elon Musk company, xAI, earlier this year. The merger saw the combined companies valued at $1.25 billion, according to CNBC.