Elon Musk’s SpaceX targets $2 trillion valuation ahead of potential IPO
SpaceX has confidentially filed paperwork with the US Securities and Exchange Commission
Elon Musk’s SpaceX is reportedly preparing for a landmark initial public offering that could value the company at more than $2 trillion, positioning it for what may become the largest stock market debut in history.
According to reports citing people familiar with the matter, SpaceX has confidentially filed paperwork with the US Securities and Exchange Commission, with a public listing potentially slated for later in 2026.
The company is said to be aiming to raise as much as $75 billion—surpassing the record set by Saudi Aramco during its 2019 IPO.
The reported valuation represents a significant increase from earlier expectations of around $1.75 trillion, as advisers pitch a higher figure to prospective investors.
However, the company has not officially confirmed either the valuation target or the size of the offering, and details could still shift before a formal prospectus is released.
A major share of SpaceX’s valuation is tied to Starlink, its fast-growing satellite internet business, which has become a cornerstone of the company’s commercial revenue.
Investors are also weighing SpaceX’s dominance in global rocket launches and its long-term technological ambitions, including the development of Starship.
The IPO discussions follow a reported merger between SpaceX and xAI, a deal that valued the combined entities at approximately $1.25 trillion.
The integration brings together space launch systems, satellite communications, and artificial intelligence (AI) under a broader technology platform, potentially enhancing its appeal to investors seeking diversified exposure.
Walter Isaacson, Musk’s biographer, noted in a recent television interview that the filing could reflect a broader effort to align Musk’s ventures more closely. He highlighted how engineers already move between the companies, pointing to increasing operational overlap.