SpaceX files confidential IPO with U.S. Securities and Exchange Commission, targets $1.75T valuation and record $75B raise
Elon Musk’s SpaceX has reportedly submitted confidential IPO documents to the SEC, setting the stage for what could become the largest public offering in history. The company is eyeing a valuation exceeding $1.75 trillion, with plans to go public as early as June 2026.
According to reports, the IPO could raise up to $75 billion—more than double the $29.4 billion raised by Saudi Aramco in its record-breaking 2019 listing.
The move follows SpaceX’s recent acquisition of Musk’s AI venture xAI, which pushed the combined valuation to around $1.25 trillion. This deal has further strengthened SpaceX’s position as the most valuable private company globally ahead of its potential debut.
A confidential filing allows SpaceX to work with regulators behind the scenes before publicly disclosing detailed financials, giving it flexibility as it prepares for listing. Major investment banks—including Bank of America, Citigroup, Goldman Sachs, JPMorgan Chase, and Morgan Stanley—are expected to play key roles in underwriting the offering.
If completed on the expected scale, the SpaceX IPO could significantly impact global financial markets, potentially drawing liquidity from both equities and alternative assets. Investors will also be watching closely for any disclosures around the company’s exposure to crypto or plans for tokenized equity offerings.
With its dominant position in space launch services and the growing success of Starlink, SpaceX’s public debut is shaping up to be one of the most anticipated financial events of the decade.
