The company is being led to the largest offering in history, Bloomberg writes.
Elon Musk's SpaceX has confidentially filed for an IPO with the Securities and Exchange Commission (SEC), Bloomberg reports, citing sources. This brings the company closer to the largest offering in history, Bloomberg writes. With a confidential filing with the SEC, the company can receive feedback from the regulator and make changes before public disclosure. SpaceX plans to go public as early as June and is aiming for a valuation of $1.75 trillion.
Elon Musk's SpaceX (ranked #1 in Forbes' global billionaire list, with a net worth of $824.3 billion according to Forbes Real-Time Billionaires as of April 1) has confidentially filed for an IPO with the U.S. Securities and Exchange Commission (SEC), Bloomberg sources familiar with the situation reported.
With a confidential filing with the SEC, the company can receive feedback from the regulator and make changes before public disclosure, Bloomberg explains. Details of the offering, including the number of shares and price range, will be revealed in subsequent documents.
This brings the company closer to the largest offering in history, Bloomberg writes. The filing will allow SpaceX to go public as early as June, ahead of OpenAI and Anthropic. A SpaceX representative did not promptly respond to a request for comment.
SpaceX may be aiming for a valuation of $1.75 trillion in its initial public offering, Bloomberg sources reported. This would surpass the current IPO record of $29 billion set by Saudi Aramco in 2019.
According to sources, SpaceX is already informing potential investors about upcoming meetings with management in April, where additional details may be disclosed.
In February, SpaceX acquired Musk's AI startup xAI, with the combined company valued at $1.25 trillion. According to Bloomberg Intelligence, the majority of SpaceX's revenue of around $20 billion for 2026 is generated by rocket launches and Starlink satellites, while xAI may bring in less than $1 billion.
SpaceX management informed investors in a meeting that they expect to raise about $75 billion during the IPO, Financial Times (FT) and Bloomberg reported, citing sources familiar with the discussions. SpaceX plans to go public in June to coincide with Musk's birthday and the conjunction of Jupiter and Venus, FT reported.
