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Elon Musk’s SpaceX is aiming to hold one of the biggest stock market listings of all time next year, according to reports.

SpaceX, which designs and manufactures rockets and spacecraft and is pioneering the idea of reusable rockets, is aiming for a valuation over $1trn by selling shares to investors in 2026, Bloomberg and Reuters are both reporting.

Bloomberg says SpaceX is seeking to raise significantly more than $30bn, and targeting a valuation of about $1.5tn for the whole company.