The SpaceX initial public offering (IPO), set for June 12, on Nasdaq (SPCX) is expected to be the largest single listing in history. The company is targeting a $75 billion raise at a valuation of $1.75-2 trillion.

The company is reportedly preparing for a public listing that could value it at about $1.75 trillion. If achieved, that level would place SpaceX among the most valuable companies ever brought to market. It would also reinforce a broader pattern in which investors assign significant value before earnings fully mature. The IPO is therefore not only about rockets or satellites.