SpaceX is preparing to secretly file for an initial public offering as early as next month, positioning Elon Musk’s rocket and satellite company in what could be the biggest IPO in history.
The Starbase, Texas-based company plans to file a draft registration with the U.S. Securities and Exchange Commission in March, putting it on track to go public in June. The confidential filing will allow SpaceX to address feedback from regulators before releasing financial details.
SpaceX could pursue a valuation of more than $1.75 trillion in an IPO, according to a report from Bloomberg. This marks a dramatic rise from previous private market discussions that valued the company at less than $1 trillion, then closer to $1.25 trillion, after Musk’s acquisition of AI startup xAI in February. Market noise then pushed the forecast closer to $1.5 trillion, and then the current forecast is closer to $1.75 trillion.
At this level, SpaceX ranks among the five most valuable publicly traded companies in the world, trailing only names like Nvidia, Apple, Microsoft, Alphabet, and Amazon, and surpassing both Meta and Tesla in market capitalization.
The offering could raise up to $50 billion, surpassing Saudi Aramco’s $29 billion debut in 2019 as the largest IPO in history. SpaceX has reportedly appointed Bank of America, Goldman Sachs, JPMorgan and Morgan Stanley to senior positions in the deal.
Proceeds are expected to support aggressive expansion plans, including increasing the frequency of Starship launches, building an artificial intelligence data center in orbit, and advancing plans for a lunar base.
The company’s dominance in orbital launches through its Falcon 9 and Starlink satellite network, which serves millions of customers around the world, is motivating investors. EchoStar, which owns SpaceX stock following previous spectrum deals, saw its stock price jump 10% on the news.
