Elon Musk’s SpaceX is reportedly preparing to go public, with plans to file for an initial public offering (IPO) as soon as next month. According to people familiar with the matter, the rocket and satellite company is on track for a June listing, a move that would create one of the largest and most valuable public companies in the world.
SpaceX is aiming for a valuation of over $1.75 trillion, a staggering number that would make it bigger than all but five of the companies in the S&P 500. This follows the company’s recent acquisition of Musk’s AI startup, xAI, which already valued the combined entity at $1.25 trillion.
The company plans to file its IPO registration confidentially with the SEC in March. This allows it to work out the details with regulators before the information becomes public. If everything goes according to plan, the IPO could raise as much as $50 billion, which would break the current record held by Saudi Aramco’s $29 billion debut in 2019.
SpaceX has already lined up some of the biggest names on Wall Street, including Bank of America and Goldman Sachs, to manage the IPO. The company is also reportedly considering a dual-class share structure, which would give insiders like Musk extra voting power and allow him to maintain control over the company’s decisions.
In a memo, SpaceX said it is preparing for a possible IPO in 2026 to fund its ambitious plans. This includes an “insane flight rate” for its massive Starship rocket, building AI data centers in space, and even establishing a base on the moon.
