SpaceX Confidentially Files for a Groundbreaking $1.75 Trillion IPO
Elon Musk’s SpaceX has confidentially filed for an initial public offering with the Securities and Exchange Commission, setting the stage for what could be the largest IPO in history. The rocket and satellite company, which recently merged with Musk’s AI venture xAI, is targeting a valuation of $1.75 trillion.
The filing, submitted on April 1, 2026, puts SpaceX on track for a June listing. The company expects to raise up to $75 billion, which would be more than three times the size of the current record holder—China’s Alibaba, which raised $22 billion in 2014. SpaceX has lined up 21 banks to manage the mega-offering, internally codenamed “Project Apex.”
The astronomical valuation is driven primarily by Starlink, SpaceX’s satellite internet service, which ended 2025 with 9.2 million subscribers and generated over $10 billion in revenue. Analysts project Starlink revenue could reach $24 billion by the end of 2026. The February 2026 merger with xAI has further boosted the company’s prospects, as SpaceX plans to launch orbital AI data centers to support artificial intelligence operations.
Market experts note that while the IPO represents a massive opportunity for investors, success will depend on market conditions stabilizing from current volatility caused by geopolitical tensions and oil price fluctuations.
Source: CNBC