SpaceX is poised to file a secretive initial public offering next month, housing Elon Musk’s rocket and satellite company in what could become the largest IPO in history.
Starbase, Texas, is expected to file a draft registration with the U.S. Securities and Exchange Commission in March and hold it for a possible listing in June. The confidential filing allows SpaceX to work through regulatory feedback before releasing financial details.
SpaceX could be worth more than $1.75 trillion in an IPO, according to a Bloomberg report. That marks a significant uptick from previous private market valuations that valued the company below $1 trillion and at $1.25 trillion after acquiring Musk’s AI startup in February. Market analysts later pushed their expectations to $1.5 trillion, before current forecasts were closer to $1.75 trillion.
At that level, SpaceX ranks among the top five most valuable public companies in the world, behind only names like Nvidia, Apple, Microsoft, Alphabet and Amazon, and surpasses both Meta and Tesla by market capitalization.
The offering could raise up to $50 billion, surpassing Saudi Aramco’s $29 billion initial public offering in 2019. SpaceX has reportedly tapped Bank of America, Goldman Sachs, JPMorgan and Morgan Stanley for senior roles in the deal.
The proceeds are expected to support aggressive expansion plans, including scaling Starship’s flight frequency, building artificial intelligence data centers in orbit, and advancing moon base goals.
The company’s dominance in orbital flights via the Falcon 9 and the Starlink satellite network, which serves millions of customers worldwide, has whetted investor appetite. EchoStar, which owns SpaceX after a previous spectrum deal, saw its shares jump as much as 10% on the news.
