SpaceX has confidentially filed for a U.S. initial public offering, according to sources familiar with the matter, setting the stage for what could become the largest IPO in history.
The company, founded by Elon Musk, could be valued at more than $1.75 trillion, reflecting investor enthusiasm for space technology and artificial intelligence. If successful, the listing could surpass the record set by Saudi Aramco in 2019.
SpaceX’s growth has been driven by its reusable rocket technology and its Starlink satellite internet network, which has expanded rapidly in recent years. The IPO filing follows a major merger with Musk’s AI startup xAI, further boosting the company’s valuation and strengthening its position in the fast-growing AI sector.
Sources say SpaceX is preparing for its market debut with a series of investor engagements, including an analyst day later this month and visits to its facilities. The company is also expected to raise more than $50 bn through the offering.
Market analysts suggest strong demand from both institutional and retail investors, driven in part by Musk’s track record and the growing appeal of space-related investments. The move could also revive the global IPO market, which has seen subdued activity in recent years.
The potential listing comes amid a renewed «space race,» with companies such as Blue Origin and increased collaboration with NASA pushing the sector into the mainstream.
Experts note that a public listing would bring greater scrutiny to Musk’s business empire, spanning electric vehicles, artificial intelligence and space exploration. However, many view SpaceX as a mature and profitable business with strong fundamentals.
If completed, the IPO could mark a turning point for the commercialization of space — signaling that the industry has moved firmly into the realm of large-scale global investment.
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