SpaceX was valued at $1.25 trillion in early February, following its merger with Musk’s AI company, xAI.
SpaceX, the aerospace company founded by tech billionaire Elon Musk, is reportedly preparing to file for an initial public offering (IPO) in June that could raise as much as $75 billion to support its space ambitions.
Citing a source familiar with the plan, tech news site The Information said the IPO prospectus is expected to be submitted to securities regulators this week or next, marking the long-anticipated move.
SpaceX, which is also developing spacecraft designed for Mars missions, was valued at $1.25 trillion in early February, following its merger with Musk’s artificial intelligence unit, xAI.
In recent months, analysts had anticipated that Musk would aim to raise $30 billion to $50 billion, reflecting the strong investor appetite for technology firms.
The planned IPO is now poised to surpass the largest public offering on record: in 2019, Saudi Aramco raised $25.6 billion.
SpaceX, which leads the space launch market with its reusable rockets, is owned by Elon Musk along with several investment funds and tech companies, including Alphabet, Google’s parent company.
Analysts note that taking SpaceX public will require both the company and Musk to operate with greater transparency—especially regarding revenues—and could increase pressure to generate consistent profits.
