Elon Musk's space transportation company SpaceX is targeting a raise of $25 billion through an initial public offering (IPO) in the coming year, in a move that will give it a valuation of over $1 trillion, making SpaceX one of the world’s most valuable companies, thanks in large part to the rapid expansion of its Starlink satellite internet business as well as plans to launch a direct-to-mobile service. SpaceX is currently engaged with banks about the IPO expected to come in June or July 2026. According to Crunchbase, SpaceX is the world's…