SpaceX Sets New Record with $1.75 Trillion IPO Filing
Elon Musk’s SpaceX has confidentially filed for an initial public offering with the U.S. Securities and Exchange Commission on April 1, 2026, according to multiple reports citing sources familiar with the matter. This filing sets the aerospace and AI behemoth on course for what could potentially be the most substantial IPO in history.
With a targeted listing in June 2026, the company’s valuation is expected to exceed a staggering $1.75 trillion. It could raise up to $75 billion, more than triple the size of the largest U.S. IPO to date. The current record holder, China’s Alibaba, raised $22 billion in 2014.
The unprecedented valuation is fueled by several factors:
- SpaceX’s Starlink satellite internet service reached over 9 million subscribers and generated more than $10 billion in revenue in 2025, with projections reaching $24 billion by the end of 2026.
- The company’s merger with xAI, Musk’s artificial intelligence venture, in February 2026 significantly boosted SpaceX’s valuation by integrating satellite infrastructure with AI capabilities.
A confidential filing allows companies to submit their financials to the SEC for regulatory review before public disclosure. SpaceX will have to release a public filing at least 15 days before its IPO roadshow. The company has engaged Morgan Stanley and Goldman Sachs as lead underwriters for the offering.
This filing coincided with NASA’s historic Artemis II launch, the first crewed lunar mission in over 50 years. Industry experts believe a SpaceX IPO will solidify the space industry as a “fully-fledged pillar of the public markets” and could catalyze increased investment across the entire space economy sector.
Source: Bloomberg