Space & Technology — 2026-04-02

SpaceX Files Confidentially for Record IPO at Potential $1.75 Trillion Valuation

SpaceX submitted a confidential IPO registration to the SEC, putting it on track for a June listing that could be the largest in US history. Bloomberg reported a potential valuation exceeding $1.75 trillion following SpaceX's merger with Elon Musk's xAI. The company could raise up to $75 billion, more than three times the largest US IPO to date. Bank of America, Citigroup, Goldman Sachs, JPMorgan, and Morgan Stanley hold senior roles. The filing positions SpaceX ahead of anticipated mega-IPOs from OpenAI and Anthropic.

Analysis
A $1.75 trillion valuation would make SpaceX worth more than every publicly traded defense contractor combined. The timing during Starlink's demonstrated battlefield relevance in Ukraine positions the IPO to capture both commercial and defense investor interest.
3 sources
  1. SpaceX confidentially files for IPO, setting stage for record offering - CNBC
  2. SpaceX files confidentially for IPO in mega listing potentially valued at $1.75 trillion - TechCrunch
  3. SpaceX Said to File Confidentially for IPO Before AI Rivals - Bloomberg

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UNCLASSIFIED // OPEN SOURCE