SpaceX has submitted official papers to launch an initial public offering (IPO). This means the company wants to become public, allowing people to buy and sell its shares. The company could be valued at over $2 trillion, which would make this the biggest market debut in financial history.

This public move is likely to increase the personal wealth of SpaceX’s founder and CEO, Elon Musk, because he owns most of the company. Experts believe his net worth could rise if investors buy shares in the company’s projects, including satellite and rocket technology.

The company’s high value comes from its strong business, such as providing global internet with Starlink and developing new rocket systems. Many investors are interested, and industry experts think this IPO could change the future of the aerospace sector by bringing in more money and encouraging innovation.