PHOTO: REUTERS[BENGALURU] Elon Musk’s SpaceX is weighing a mid-June initial public offering (IPO), aiming to raise as much as US$50 billion at a valuation of roughly US$1.5 trillion, the Financial Times said on Wednesday (Jan 28), citing sources familiar with the matter. The IPO gave Aramco a US$1.7 trillion market capitalisation, and it was the only completed deal to have achieved a valuation of more than US$1 trillion. SpaceX chief financial officer Bret Johnsen has held talks and Zoom calls with existing private investors since December to explore a mid-2026 IPO, the newspaper added. SpaceX is lining up four Wall Street banks for leading roles in its market debut, Reuters reported last week, citing a source. Space technology is a tightly held sector but is sought after by investors keen for exposure in light of rapid development prospects, analysts have said.