SpaceX has filed confidentially for an initial public offering, according to people familiar with the matter, bringing billionaire Elon Musk’s rocket, satellite and AI company closer to delivering the biggest-ever listing.
The filing puts it on track for a June listing, which would make SpaceX the first of what could be a trio of mega-IPOs, ahead of OpenAI and Anthropic PBC.
SpaceX could seek a valuation in the IPO of more than $1.75 trillion, people familiar with the matter have said. A listing for SpaceX would raise as much as $75 billion, Bloomberg News has reported. At that size, it would dwarf the current record holder, Saudi Aramco’s $29 billion debut in 2019.
SpaceX is telling prospective IPO investors to expect briefings from company executives this month, people familiar with the matter have said. The company is considering a dual-class share structure in the listing that would potentially give insiders such as Musk extra voting power to dominate decision making. The IPO is expected to have a large retail component, with SpaceX potentially allocating as much as 30% of the offering to small investors, a person familiar with the matter has said.—Bloomberg
