"SpaceX has filed confidentially with the US Securities and Exchange Commission for an initial public offering, targeting a June 2026 listing with a fundraising goal of $50–75 billion"

"If realised, the offering would be the largest IPO in history—more than triple Saudi Aramco's $25.6 billion debut in 2019—and would value the company at $1.5 trillion or higher"

"The space exploration company SpaceX has taken steps to sell its shares to the public for the first time, which could set the stage for one of the largest initial public offerings (IPOs) in modern history. The news could also put founder Elon Musk on the path towards becoming the world's first trillionaire. News reports on Wednesday stated that the company quietly filed for an IPO, which could take place as soon as June or July. The company's stock market listing is expected to bring in as much as $75bn."

"Earlier this year, SpaceX took over xAI, Musk's artificial intelligence venture. After that all-stock merger, SpaceX is believed to have become the most valuable private company in the world, with an internal valuation of $1.25tn. Emily Zheng, a senior analyst at Pitchbook, earlier told the BBC that by bringing xAI under SpaceX, Musk could show potential investors that he was consolidating costs and able to easily share resources between his companies."

"SpaceX values itself at more than $1 trillion and would be one of the most valuable companies to reach the stock market, after Saudi Aramco's 2019 debut valued the energy giant at $1.7 trillion. Aramco ultimately raised more than $29 billion from its offering. A SpaceX offering could signal a wave of enormous I.P.O.s, with the artificial intelligence companies OpenAI and Anthropic also exploring the possibility of going public. SpaceX's offering would be a generational moneymaking event for Wall Street, the company's employees and, of course, Mr. Musk, who is already one of the world's richest men and could become the first trillionaire."

"SpaceX has received over $24.4 billion from its work with the federal government since 2008, according to FedScout, which researches federal spending and government contracts. That includes contracts from NASA, the Air Force and Space Force, among other agencies. Over the course of 2025, SpaceX conducted 165 orbital flights, and additional test flights of its new and massive Starship Super Heavy Launch vehicle."

"You can have a great company, with great fundamentals and a lot of investor interest — and an IPO can still flop if the markets have turned south, if there's too much volatility in the market."

"Investors could use a sum-of-the-parts analysis, but, like with Tesla, SpaceX's valuation could very much fluctuate wildly based on how much the public believes in Musk's vision. So far, investors seem to be clamouring for any sort of exposure to SpaceX."

"The business is operationally mature, technologically ahead in several key areas, and profitable, which provides a solid fundamental underpinning."