Key Points:
- SpaceX plans to file paperwork for its IPO secretly next month.
- The company aims for a record-breaking valuation of $1.75 trillion.
- The offering could raise $50 billion, beating Saudi Aramco’s record.
- Funds will support the Starship rocket, a moon base, and space data centers.
Elon Musk’s rocket company is preparing for the biggest stock market debut in history. According to insiders, SpaceX plans to file its initial public offering paperwork confidentially with the US Securities and Exchange Commission as early as next month. If everything goes smoothly, this March filing puts the Texas-based company on track for a massive public listing in June.
This move could kick off a wave of tech mega-IPOs, with artificial intelligence giants OpenAI and Anthropic likely to follow soon after. By filing confidentially, SpaceX can get quiet feedback from government regulators and tweak its paperwork before sharing the financial details with the public. However, sources caution that the company could still delay or change its plans.
The numbers involved are staggering. SpaceX might seek a valuation of more than $1.75 trillion. To put that in perspective, this price tag makes SpaceX more valuable than Meta and Musk’s own electric car company, Tesla. Only five companies in the entire S&P 500 Index currently hold a higher value.
The IPO aims to raise an incredible $50 billion in fresh cash. This would easily shatter the current record set by Saudi Aramco, which raised $29 billion back in 2019. This push for funding follows SpaceX’s recent acquisition of xAI, Musk’s artificial intelligence startup, which boosted the combined company’s overall worth.
Musk has huge plans for all this money. In a recent memo, SpaceX told employees that the IPO funds will support an “insane flight rate” for its massive Starship rocket. The cash will also pay for building a permanent base on the moon and setting up cutting-edge artificial intelligence data centers in orbit.
The company already dominates the space industry. Its Falcon 9 rockets handle the vast majority of global satellite launches, and its Starlink internet service currently connects millions of customers worldwide. To manage this historic transition to a public company, SpaceX has already hired major Wall Street banks, including Goldman Sachs and JPMorgan Chase, to lead the offering.
