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Elon Musk's aerospace giant SpaceX has quietly filed a confidential IPO registration with the U.S. Securities and Exchange Commission, according to Bloomberg News sources familiar with the matter. The move signals that the rocket, satellite, and artificial intelligence company could make its public market debut as early as June.
The draft registration was submitted under a provision that allows companies to gauge regulatory feedback before going fully public — a common strategy among high-profile firms looking to control the timing and narrative of their listing. While SpaceX has not officially confirmed the filing, the people briefed on the matter requested anonymity given the sensitive and non-public nature of the information.
If the offering moves forward as expected, SpaceX could raise up to $75 billion, pushing its valuation beyond $1.75 trillion. That would make it the largest IPO in stock market history — dwarfing Saudi Aramco's record-setting $25.6 billion offering in 2019 and Alibaba's $21.8 billion debut in 2014. Investors and market watchers have been anticipating this moment for years, and the scale of the potential listing has generated enormous interest across Wall Street.
SpaceX is expected to be the first in a trio of landmark tech IPOs, with OpenAI and Anthropic reportedly set to follow. Together, these offerings could reshape the investment landscape for the artificial intelligence and space technology sectors.
Musk currently holds roughly 42% of SpaceX's equity but commands approximately 80% of voting rights, giving him strong control over the company's direction even after going public. Analysts suggest the IPO proceeds could push his personal net worth into unprecedented territory — potentially making him the world's first trillionaire.
With commercial spaceflight, global satellite internet through Starlink, and AI development all under one roof, SpaceX's public offering represents one of the most consequential financial events in recent memory.
