SpaceX is targeting filing confidentially for an initial public offering as soon as next month, according to people familiar with the matter, as billionaire Elon Musk’s rocket and satellite company moves forward with plans for the biggest-ever listing.
The Starbase, Texas-based firm expects to submit its draft IPO registration to the US Securities and Exchange Commission in March, the people said. Such a move would keep it on track for a June listing, making it the first of what could be a trio of mega-IPOs, with OpenAI and Anthropic PBC potentially coming after.
Considerations are ongoing, details could change and SpaceX could still delay its filing, the people said.
SpaceX could seek a valuation in the IPO of more than $1.75 trillion, some of the people said, asking not to be identified as the deliberations are private. It acquired Musk’s artificial intelligence startup xAI in a February deal that valued the enlarged entity at $1.25 trillion, Bloomberg News has reported.
In a confidential filing, companies can receive feedback from the regulator and make changes before the information becomes public.
A representative for SpaceX didn’t immediately respond to a request for comment.
A listing for SpaceX would raise as much as $50 billion, people familiar with the preparations have said. At that size, it would be larger than the current record hol