SpaceX reportedly secretly files for an IPO, with a valuation possibly exceeding $1.75 trillion

2026-04-03 17:37:48

Insiders say SpaceX, Elon Musk’s rockets, satellites, and artificial intelligence company, has secretly filed its initial public offering (IPO) documents for the first time.

According to sources, the company has submitted its IPO registration filing to the U.S. Securities and Exchange Commission and is expected to go public in June, which would make SpaceX the first “mega” IPO to hit the market—ahead of OpenAI and Anthropic PBC.

Insiders say the valuation for SpaceX’s IPO this time could exceed $1.75 trillion. The company previously acquired Musk’s AI startup, xAI, and that deal valued the combined entity at $1.25 trillion.

Sources say SpaceX has selected Bank of America, Citigroup, Goldman Sachs, JPMorgan Chase, and Morgan Stanley to serve as the lead underwriters for this IPO, and has already brought additional banks into the underwriting lineup.

Another source says SpaceX is also working with international banks, with each handling IPO orders for different regions—Citigroup is responsible for coordinating. Barclays handles orders for the UK, while Deutsche Bank and UBS Group handle orders for Europe.

The company is also considering using a dual-class share structure in this listing, which could give insiders—including Musk—greater voting power. Another source says this IPO is expected to include a higher proportion of retail investors, and SpaceX may allocate up to 30% of the offering shares to small investors.

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Edited by: Ding Wenwu

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