SpaceX has confidentially filed for an initial public offering with the U.S. Securities and Exchange Commission, according to Bloomberg News.
A confidential IPO filing allows a company to submit its initial paperwork to the SEC privately, so it can resolve regulatory issues before publicly disclosing its financials and plans.
SpaceX is poised to be the largest listing in history, according to the news outlet. It is targeting a June debut and could seek a valuation above $1.75 trillion, with proceeds potentially reaching $75 billion — far surpassing the $29 billion IPO of Saudi Aramco in 2019.
Leading underwriters are Bank of America, Citigroup, Goldman Sachs, JPMorgan Chase and Morgan Stanley.
Founded by Elon Musk, SpaceX is one of the first privately-held companies to build and launch orbital rockets. It dominates commercial rocket launches and operates the Starlink satellite network, generating close to $20 billion in revenue in 2026, according to Bloomberg Intelligence.
SpaceX also recently acquired Musk’s AI startup xAI, reflecting a broader push into artificial intelligence alongside its space and connectivity businesses.
The IPO filing comes amid a potential wave of blockbuster IPOs. OpenAI and Anthropic are also expected to go public, signaling an appetite for large-scale listings tied to AI infrastructure.