SpaceX is planning to go public in mid-to-late 2026 and is looking to raise $30 billion at a valuation of around $1.5 trillion, according to a new report from Bloomberg News citing multiple unidentified sources.

That would make it the largest IPO of all time, edging out Saudi Aramco’s public listing in 2019, which brought in $29 billion. It would also be a bit of a reversal for SpaceX, which previously considered spinning off its Starlink division for an IPO, while keeping the main company private.

Bloomberg’s report comes just a few days after The Information was first to report that Elon Musk’s space company was targeting a late 2026 IPO.

The Wall Street Journal also recently broke the news that SpaceX was engaged in another secondary share sale for employees that would peg the company’s current valuation at around $800 billion. Bloomberg’s report says SpaceX has “firmed up” that share sale in recent days and the valuation is above the $800 billion figure, with employees being allowed to sell around $2 billion worth of shares at $420 per share.

This story has been corrected to have $1.5T in the headline, not $1.5B.