SpaceX, founded by Elon Musk, has made a confidential filing with the US Securities and Exchange Commission to go public, positioning itself for one of the most significant stock market debuts in history.
The company, which builds rockets and operates the Starlink satellite network, is expected to surpass a valuation of $1 trillion once listed, potentially making it among the most valuable publicly traded firms globally.
A confidential IPO filing allows US Securities and Exchange Commission review without immediately disclosing detailed financial information. The next phase will involve investor roadshows to attract institutional buyers.
Reports suggest SpaceX aims to raise $50 billion or more through the offering, underscoring its need for capital to fund ambitious expansion plans.
Earlier this year, SpaceX absorbed xAI, pushing its internal valuation to around $1.25 trillion and making it the most valuable private company. The move also signalled increasing integration across Musk’s business empire.
In 2024, xAI took over X (formerly Twitter), further consolidating Musk’s ventures. Analysts say such integration could help optimize costs and resources ahead of the IPO.
SpaceX is also closely linked with Tesla, which has invested heavily in xAI and is incorporating AI tools like Grok into its vehicles, alongside expanding into robotics and chip manufacturing initiatives such as Terafab.
Founded in 2002, SpaceX initially focused on reducing space launch costs through reusable rockets and secured early contracts with NASA in 2006. Today, its operations span rocket launches and global satellite internet services.
Musk has also outlined long-term ambitions including space-based data centres and establishing a self-sustaining city on Mars, though experts remain sceptical about the feasibility of such plans.
