SpaceX has submitted a private filing to go public. The Elon Musk-led rocket firm sent its draft paperwork to the US Securities and Exchange Commission.
Insiders say this lines up a June stock market debut. If it happens, the listing could shatter records by raising to $75 billion, way more than Saudi Aramco’s $29 billion haul from 2019.
The submission stays under wraps for now. SEC rules let companies file secretly first for review. SpaceX plans roadshows with investors soon. Top banks like Bank of America, Goldman Sachs, JPMorgan, and Morgan Stanley run the show under the code name “Project Apex.”
The company targets a whopping $1.75 trillion valuation. That would top most big US firms, trailing only Nvidia, Apple, Microsoft, Amazon, and Alphabet.
This puts SpaceX first in a rush of tech mega-IPOs. OpenAI and Anthropic eye later listings. The company blends launches, Starlink internet, and AI projects. It has pulled in $10 billion from private backers already.
Fast Starlink growth and xAI links fuel the sky-high price.
Starlink boom and AI drive sky-high value
SpaceX flies rockets for NASA and satellites. Starlink serves 5 million users globally with broadband. AI work adds fresh cash streams. The $1.75 trillion tag tops Tesla’s best days. Musk holds power via special shares. Everyday buyers could grab up to 30% of stock, triple the usual slice.
June timing lets SpaceX beat rivals to market. Wall Street hums with talk of the size. The firm skipped public cash for years to grow fast. Now funds will push Starship tests and Mars goals. Starbase in Texas runs like its own town.
Investors lean in. SpaceX owns most launches. Blue Origin trails far. Starlink battles Amazon and OneWeb. IPO money speeds moon trips and space plants.
Musk’s space bet goes public at last
Musk juggles Tesla, xAI, Neuralink, and X. SpaceX’s public step cuts reliance on private cash hunts. Shares might list as “711339Z.” Debut tests Musk amid Tesla slowdowns.
Full details drop after the SEC green light. Prospectus likely hits April or May. Roadshows start 15 days after. SpaceX aims to rewrite IPO history with $75-80 billion haul.
From 2008 Falcon 1 flights to Starship dreams, SpaceX grew huge. Public cash tests the space and AI gamble. Updates coming as plans unfold.
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