New Delhi, April 3 -- Billionaire Elon Musk's SpaceX is aiming for an IPO valuation exceeding $2 trillion, Bloomberg News reported today, citing people familiar with the development. The target sets the stage for what could become the biggest-ever market debut.

The rocket, satellite and AI company, along with its advisers, is floating the figure to prospective investors in its initial public offering, Bloomberg News reported. The deliberations are ongoing, and details of the offering could still change, the report said.

SpaceX, which is also the parent firm of artificial intelligence startup xAI, took the confidential route to submit its draft IPO paperwork with the US Securities and Exchange Commission on Wednesday, and is targeting a ...