SpaceX is reportedly making confidential moves toward a public listing in the United States, in a step that could reshape global financial markets amid soaring valuations in the space and technology sectors.
According to a source cited by Reuters, the company founded by Elon Musk has submitted a confidential filing for an initial public offering, paving the way for what could become the largest IPO in stock market history.
The potential listing could value SpaceX at more than $1.75 trillion, reflecting the rapid expansion of the commercial space industry.
The company’s growth has been driven by its reusable rocket technology and its satellite internet network, Starlink.
The move follows a reported merger between SpaceX and xAI, another Musk-owned venture, in a deal that pushed the rocket manufacturer’s valuation to around $1 trillion, while the AI firm behind the Grok chatbot was valued at approximately $250 billion.
Musk, currently the world’s richest individual, oversees a vast business empire that includes electric vehicles through Tesla, space transportation, satellite communications, artificial intelligence, and social media platforms.
SpaceX, headquartered in Starbase, Texas, could seek to raise more than $50 billion through the IPO, surpassing the record set by Saudi Aramco during its 2019 public offering.
The company has not yet responded to requests for comment. The confidential filing was first reported by Bloomberg News.
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