April 2 (Reuters) – Elon Musk’s SpaceX boosted its ‌target IPO valuation above $2 ‌trillion, Bloomberg News reported on ​Thursday, citing people familiar with the matter, setting the stage for what ‌could become ⁠the largest stock market listing on record.

SpaceX ⁠and its advisers are floating the figure ​to prospective investors ​in ​its initial ‌public offering, the report said.

SpaceX, based in Starbase, Texas, submitted confidential IPO paperwork with the U.S. Securities ‌and Exchange Commission ​recently and ​is ​targeting a market ‌launch later this year.

SpaceX ​did ​not immediately respond to a Reuters request for ​comment.

(Reporting ‌by Juby Babu in ​Mexico City; Editing by ​Anil D’Silva)