The private aerospace company was formerly headquartered in Hawthorne, but still has a significant presence in the city after its headquarters were moved to Texas.

The company’s public stock debut is set to be one of the most valuable in history, and could make Musk the world's first trillionaire.

The Texas-based company could go public with a valuation of more than $1.75 trillion, making it the largest IPO in history.

Delta Air Lines Inc signed a deal with Amazon.com Inc’s Leo to bring low-Earth orbit satellite Wi-Fi to 500 aircraft starting in 2028. The deal snubs SpaceX’s Starlink as the rocket company reportedly moves toward filing what could be the largest IPO ever.

The aerospace company, valued at more than $1 trillion, could break the record for the largest public offering in history, according to reports.

In the old days, companies like Apple and Amazon went public early to access cash to grow. These days, soon-to-be-public companies are already flush with cash from private finance.

CNBC's Deirdre Bosa reports the latest news surrounding SpaceX's IPO.

April 1 (Reuters) - Elon Musk's SpaceX has confidentially filed for its hotly anticipated U.S. initial public offering, a person familiar with the matter told Reuters on Wednesday, taking space exploration from a speculative venture to a mainstream investment theme.