SpaceX Moves Towards $1 Trillion IPO: A Game-Changer for Musk

Thu Apr 02 2026 13:03:08 GMT+0000 (Coordinated Universal Time)

Elon Musk's SpaceX has filed for a confidential IPO, aiming to go public and potentially reaching a valuation of over $1 trillion, which could make Musk the world's first trillionaire.

SpaceX has initiated a confidential filing with the SEC for an initial public offering (IPO), aiming for a valuation surpassing $1 trillion upon listing. This landmark move could position SpaceX among the most valuable companies publicly traded. With ambitions to raise over $50 billion, the IPO signifies Musk's intent to secure substantial capital for his expansive plans in space exploration and related technologies.

Elon Musk's SpaceX is poised to become one of the most valuable publicly traded companies in the world.

The company, which manufactures rockets, space exploration technology, and Starlink satellites, is currently privately held. But on Wednesday it made a confidential filing with the US Securities and Exchange Commission (SEC) for an initial public offering, which would allow shares to be traded in the stock market.

The value of SpaceX once it goes public is expected to surpass $1tn (£751bn). That would make its eventual stock market debut one of the most financially significant in history. Musk's own holding in SpaceX would put the billionaire on track to become the world's first trillionaire.

The BBC has contacted SpaceX for comment. The company aims to officially go public sometime in June, according to reports in Bloomberg, Reuters, and the New York Times.

A confidential IPO filing with the SEC allows a company to avoid immediately revealing information to the public while it requests feedback from the regulator. The next step will be for company executives to hold roadshows - meetings with big investors to convince them to buy shares.

By making shares of SpaceX available for purchase by the public, the company is looking to raise $50bn or more, according to reports.

Earlier this year, SpaceX took over xAI, Musk's artificial intelligence venture. After that all-stock merger, SpaceX became the most valuable private company in the world, with an internal valuation of $1.25tn.

Recently, Musk's various companies have been becoming increasingly intertwined. This degree of consolidation was a clear sign to investors that SpaceX was preparing to go public.

Emily Zheng, a senior analyst at Pitchbook, noted that consolidating xAI under SpaceX demonstrates Musk's efforts to streamline costs and share resources among his companies. With large-scale ambitions, SpaceX requires a massive cash infusion that going public can provide, especially to cover the sheer cost of compute, infrastructure, and energy needed for expansion.

Earlier this year, Tesla revealed it had invested more than $2bn in xAI, which is already integrated in some Teslas used as an AI assistant.

SpaceX has also announced plans to collaborate with Tesla and xAI on a significant chipmaking project called Terafab.

Musk started SpaceX in 2002 with the aim of reducing the cost of launching crafts into space and has continued to push groundbreaking advancements in space and satellite technology.