Elon Musk’s SpaceX has filed confidential documents with US regulators, setting the stage for what could become the largest-ever initial public offering (IPO), according to sources cited by AFP and The Wall Street Journal.
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The filing positions the aerospace and satellite company to potentially list its shares on a public exchange by July. Reports suggest the IPO could be valued at $75 billion or more, surpassing Saudi Aramco’s 2019 record $25.6 billion offering.
If successful, SpaceX’s market valuation could exceed $1.75 trillion, placing it among the world’s ten largest companies by market capitalization. After acquiring Musk’s AI venture xAI in February, the company was valued at $1.25 trillion.
Analysts warn that going public would require SpaceX and Musk to maintain greater transparency, particularly regarding revenues, while potentially facing investor pressure to prioritize profits over long-term ambitions, such as the development of rockets for human missions to Mars.
The IPO filing is expected to disclose detailed information on SpaceX’s satellite and rocket manufacturing operations, along with the xAI artificial intelligence division. Investor enthusiasm remains strong, fueled by Musk’s vision for space exploration and AI innovation.
SpaceX dominates the space launch market with its reusable rockets, drastically reducing satellite deployment costs. The company also owns the Starlink satellite network and plans to launch solar-powered, satellite-based AI data centers using its rockets.
Other tech firms, including AI developers OpenAI and Anthropic, are reportedly preparing IPOs later this year, underscoring heightened investor interest in space and AI sectors.
