Reports say space exploration company has begun talks about stock market listing that could raise more than $25bn

• Business live – latest updates

Elon Musk’s space exploration company SpaceX is preparing to list on the stock market next year in a move that could raise more than $25bn (£19bn) and value the business at more than $1tn, according to reports.

SpaceX, which designs, builds and launches rockets, is said to have started discussions with banks about an initial public offering (IPO). It could join the stock market in about June or July, according Reuters, which cited an unnamed source familiar with the matter.

Reports say space exploration company has begun talks about stock market listing that could raise more than $25bn

• Business live – latest updates

Elon Musk’s space exploration company SpaceX is preparing to list on the stock market next year in a move that could raise more than $25bn (£19bn) and value the business at more than $1tn, according to reports.

SpaceX, which designs, builds and launches rockets, is said to have started discussions with banks about an initial public offering (IPO). It could join the stock market in about June or July, according Reuters, which cited an unnamed source familiar with the matter.

Reports say space exploration company has begun talks about stock market listing that could raise more than $25bn

• Business live – latest updates

Elon Musk’s space exploration company SpaceX is preparing to list on the stock market next year in a move that could raise more than $25bn (£19bn) and value the business at more than $1tn, according to reports.

SpaceX, which designs, builds and launches rockets, is said to have started discussions with banks about an initial public offering (IPO). It could join the stock market in about June or July, according Reuters, which cited an unnamed source familiar with the matter.

Opposition leader María Corina Machado’s daughter to receive award on her behalf in Oslo, says Nobel Institute

The Venezuelan opposition leader María Corina Machado will not attend the Nobel peace prize ceremony and the award will be accepted by her daughter, organisers have said.

Machado has been seen only once in public since going into hiding in August last year amid a tense showdown with President Nicolás Maduro. Venezuela’s attorney general has said Machado, 58, would be considered a “fugitive” if she left the country to accept the award.

Opposition leader María Corina Machado’s daughter to receive award on her behalf in Oslo, says Nobel Institute

The Venezuelan opposition leader María Corina Machado will not attend the Nobel peace prize ceremony and the award will be accepted by her daughter, organisers have said.

Machado has been seen only once in public since going into hiding in August last year amid a tense showdown with President Nicolás Maduro. Venezuela’s attorney general has said Machado, 58, would be considered a “fugitive” if she left the country to accept the award.

Opposition leader María Corina Machado’s daughter to receive award on her behalf in Oslo, says Nobel Institute

The Venezuelan opposition leader María Corina Machado will not attend the Nobel peace prize ceremony and the award will be accepted by her daughter, organisers have said.

Machado has been seen only once in public since going into hiding in August last year amid a tense showdown with President Nicolás Maduro. Venezuela’s attorney general has said Machado, 58, would be considered a “fugitive” if she left the country to accept the award.

Rolling coverage of the latest economic and financial news

Good morning, and welcome to our rolling coverage of business, the financial markets and the world economy.

Elon Musk’s SpaceX is aiming to hold one of the biggest stock market listings of all time next year, according to reports.

10am GMT: Treasury Committee hearing on budget with chancellor Rachel Reeves

10.45am GMT: Bank of England governor Andrew Bailey speaks at FT Global Boardroom conference:

Noon GMT: US weekly mortgage market data

7pm GMT: US Federal Reserve interest rate decision

7.30pm GMT: Federal Reserve press conference

Rolling coverage of the latest economic and financial news

Good morning, and welcome to our rolling coverage of business, the financial markets and the world economy.

Elon Musk’s SpaceX is aiming to hold one of the biggest stock market listings of all time next year, according to reports.

10am GMT: Treasury Committee hearing on budget with chancellor Rachel Reeves

10.45am GMT: Bank of England governor Andrew Bailey speaks at FT Global Boardroom conference:

Noon GMT: US weekly mortgage market data

7pm GMT: US Federal Reserve interest rate decision

7.30pm GMT: Federal Reserve press conference

Rolling coverage of the latest economic and financial news

Good morning, and welcome to our rolling coverage of business, the financial markets and the world economy.

Elon Musk’s SpaceX is aiming to hold one of the biggest stock market listings of all time next year, according to reports.

10am GMT: Treasury Committee hearing on budget with chancellor Rachel Reeves

10.45am GMT: Bank of England governor Andrew Bailey speaks at FT Global Boardroom conference:

Noon GMT: US weekly mortgage market data

7pm GMT: US Federal Reserve interest rate decision

7.30pm GMT: Federal Reserve press conference