SpaceX Targets Historic $75B IPO, Backed by $5B Saudi Investment
Elon Musk’s SpaceX is reportedly in talks with Saudi Arabia’s Public Investment Fund (PIF) for a potential $5 billion anchor investment. This move sets the stage for what could become the largest initial public offering in history. As per Reuters’ report on April 2, 2026, the space exploration company is aiming for a record-breaking $75 billion raise. This would surpass previous mega-IPOs, including Saudi Aramco’s $29 billion offering in 2019 and Alibaba’s $22 billion debut in 2014.
The proposed investment is designed to prevent dilution of PIF’s existing stake of just under 1% in SpaceX. It also serves as a strong signal of confidence to other investors ahead of the public market debut. SpaceX has been strategically lining up anchor investors well ahead of its stock market debut, which is anticipated later in 2026. The company recently submitted confidential IPO paperwork with the Securities and Exchange Commission.
Market analysts suggest that SpaceX’s post-IPO valuation could exceed $1.75 trillion. This would potentially make it one of the highest-valued corporations to ever transition to public ownership. The Saudi sovereign wealth fund has deepened its ties with Musk’s business empire, having previously invested in xAI projects. However, no final decision has been made, and the investment remains subject to change as SpaceX gauges investor interest for this unprecedented scale offering.
Source: Reuters via Yahoo Finance