CHICAGO: SpaceX boosted its target initial public offering (IPO) valuation above US$2 trillion, according to sources, as the world’s most valuable startup gears up to pitch potentially the biggest-ever market debut.

Billionaire Elon Musk’s rocket, satellite and artificial intelligence (AI) company and its advisers are floating the figure to prospective investors in its IPO, the sources said, ahead of meetings in the coming weeks.