SpaceX files to go public, paving way for record stock offering

TDT | Manama

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Elon Musk’s aerospace company SpaceX has reportedly taken a major step toward going public, filing confidential paperwork with US regulators that could pave the way for one of the largest stock market debuts in history.

According to sources cited by Agence France-Presse and The Wall Street Journal, the filing positions the rocket and satellite manufacturer for a potential listing as early as July. If completed, the initial public offering (IPO) could value the company at around $75 billion or more.

Such a listing would surpass the record set in 2019 by Saudi Aramco, which raised $25.6 billion in what remains the largest IPO to date.

Neither SpaceX nor the Securities and Exchange Commission has commented on the reported filing.

If market expectations hold, SpaceX could debut with a valuation exceeding $1.75 trillion, placing it among the world’s largest publicly traded companies. The firm was last valued at approximately $1.25 trillion following its acquisition of AI startup xAI earlier this year.

Analysts note that a public listing would require SpaceX to significantly increase transparency around its financial performance, including revenue disclosures. It may also subject the company to investor pressure to prioritize profitability over long-term projects, such as Musk’s ambitious plans for human missions to Mars.

Once disclosed, the IPO documents are expected to provide deeper insights into SpaceX’s operations, including its rocket manufacturing, satellite business, and integration with xAI. The company currently leads the global launch market with its reusable rocket technology and operates the Starlink network.

Market experts believe strong investor interest could support the massive fundraising effort. Steve Sosnick of Interactive Brokers noted that investors remain highly enthusiastic about Musk’s ventures in both space and artificial intelligence, potentially allowing SpaceX to succeed even in less favorable market conditions.

Matthew Kennedy of Renaissance Capital echoed this sentiment, highlighting the strength of US capital markets and the unique appeal of SpaceX’s business model. He added that growing opportunities in telecommunications, space exploration, and AI are likely to further boost investor demand.

Meanwhile, other major technology firms—including OpenAI and Anthropic—are also reportedly exploring IPO plans this year, signaling a potentially significant period for tech listings.

Founded and led by Musk, SpaceX is backed by a range of investors, including Alphabet Inc.. The company has revolutionized the space industry by dramatically lowering the cost of launching satellites and continues to expand its ambitions at the intersection of space technology and artificial intelligence.