Elon Musk’s aerospace company SpaceX is due for an IPO on the US stock market and is targeting as much as $75B in funding before the IPO. Indeed, the fundraising target would dwarf the previous largest ever debut, according to sources close to SpaceX. The individual investor allocation could exceed 20%, although the final structure is still being determined.
Reports are out that the SpaceX IPO could be filed as soon as later this week, with a target debut of June 2026, per The Information. The IPO would be aimed at funding an “insane flight rate” for its developmental Starship rocket, artificial intelligence data centers in space, and a base on the moon, per Musk. SpaceX is jointly filing with another Elon Musk-founded company, xAI. The joint IPO between SpaceX and xAI would give fresh momentum to SpaceX’s effort to launch data centers into orbit as Musk battles for supremacy in the rapidly escalating AI race against tech giants like Google, Meta, and OpenAI. The transaction marks the largest tie-up in Musk’s vast business portfolio and brings together two companies that have been soaring in value on the private markets.
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Preparations for a confidential filing are ongoing, and SpaceX could still decide to change the plan, the people said. A representative for SpaceX didn’t immediately respond to a request for comment. SpaceX could seek a valuation in the IPO of more than $1.75 trillion, people familiar with the matter have said
At a $1.75 trillion market value, SpaceX would be bigger than all but five of the companies in the S&P 500 Index — Nvidia Corp., Apple Inc., Alphabet Inc., Microsoft Corp., and Amazon.com Inc. It would be larger by that metric than Meta Platforms Inc., as well as Musk’s own Tesla Inc.