SpaceX Sets Stage for Historic $1.75 Trillion IPO

SpaceX, the aerospace company owned by Elon Musk, has confidentially filed for an initial public offering (IPO) with the U.S. Securities and Exchange Commission. This move, made on April 1, 2026, paves the way for possibly the largest IPO in history, as reported by Bloomberg, CNBC, and Reuters.

The company is aiming for a staggering valuation of approximately $1.75 trillion. It also plans to raise up to $75 billion, which is more than triple the current record held by Saudi Aramco’s $29 billion listing in 2019. The confidential filing allows SpaceX to submit financials for SEC review before public disclosure. A Nasdaq listing is anticipated for June 2026.

The valuation hinges on Starlink, SpaceX’s satellite internet service. Starlink surpassed 10 million subscribers globally and generated $10 billion in revenue in 2025. The company’s valuation was further boosted to $1.25 trillion in February 2026, following a merger with Musk’s AI venture, xAI. This transformation turned SpaceX into an integrated space-and-AI powerhouse.

Reportedly, the company has allocated approximately 30% of IPO shares to retail investors, a figure significantly above Wall Street’s typical allocation. SpaceX is required to release a public S-1 filing at least 15 days before its investor roadshow. This will reveal crucial financial details including revenue figures, profit margins, and the expected dual-class share structure that will likely give Musk outsized voting control.

Source: CNBC