SpaceX has confidentially filed for an initial public offering (IPO) with the Securities and Exchange Commission (SEC), moving Elon Musk’s company closer to what could become the biggest stock market debut in history.
According to Bloomberg, SpaceX is aiming to raise $75 billion at a valuation above $1.75 trillion, far higher than the current IPO record of $29 billion set by Saudi Aramco.
SpaceX recently strengthened its position by acquiring xAI, valuing the combined business at $1.25 trillion.
Hitting the target would vault SpaceX into the top 10 public companies, above Meta and Tesla.
SpaceX is looking at a June listing, potentially ahead of rivals like OpenAI and Anthropic.
The confidential filing allows SpaceX to refine details before going public. Investor meetings are expected soon, offering insights into its ambitious valuation. Major banks, including Goldman Sachs and Morgan Stanley, are leading the IPO.
Founded in 2002, the company dominates the space industry with Falcon 9 rockets and its Starlink satellite network, which has around 9 million subscribers.
SpaceX has become a key launch partner for NASA since the space shuttle program ended in 2001.
The aerospace and AI company is expected to generate nearly $20 billion in revenue by 2026, driven mainly by launches and satellite internet services.