SpaceX Files Confidentially for IPO with Valuation Target Over $2 Trillion

SpaceX has reportedly submitted a confidential IPO filing, moving closer to its target valuation of over $2 trillion. New reports suggest that E*TRADE may lead the retail portion of the offering, potentially leaving traders on other platforms without direct access to the highly anticipated debut. This milestone has triggered a broad rally across the space sector, boosting nearly every other space-related stock in the market. The move comes as Elon Musk reportedly integrates his xAI venture into the process, requiring participating financial institutions to subscribe to the Grok AI chatbot. Investors remain focused on the company's expanding role in AI infrastructure and its advanced Terafab facility for high-tech chip production. While the specific timeline for the offering remains private, the filing reinforces SpaceX's dominance in the global space economy. Market participants are closely monitoring related instruments like TSLA and RKLB as sector-wide momentum builds following this major update.