SpaceX Targets Record-Breaking $1.75 Trillion IPO

SpaceX has confidentially filed with the SEC for what could become the largest initial public offering in history. The company is targeting a $1.75 trillion valuation and aims to raise up to $75 billion.

The filing, submitted on April 1, 2026, sets the stage for a potential June listing on Nasdaq. This would dwarf the current IPO record held by Saudi Aramco’s $25.6 billion offering in 2019.

At the targeted valuation, SpaceX would rank among the world’s ten most valuable publicly traded companies. This list includes giants such as Apple, Microsoft, Nvidia, and Alphabet.

In an unprecedented move, SpaceX plans to allocate approximately 30% of shares to retail investors. This is triple the typical allocation for major IPOs. The company will host a special event for 1,500 individual investors in June. Chief Financial Officer Bret Johnsen has called retail participation “critical” and “bigger than any IPO in history.”

The valuation is largely driven by Starlink, SpaceX’s satellite internet service. Starlink ended 2025 with 9.2 million subscribers and over $10 billion in revenue. The company also recently merged with Elon Musk’s AI venture xAI, creating what it calls “Orbital AI Data Centers.” These centers process artificial intelligence workloads via the Starlink constellation.

The full prospectus is expected to be released in late April or early May 2026. This will reveal detailed financial statements for the first time. Major banks leading the offering include Morgan Stanley, Bank of America, Citigroup, JPMorgan, and Goldman Sachs.

Source: Washington Post