SpaceX files for biggest IPO in history, seeks $1.75T valuation
02 Apr 2026

SpaceX, the space exploration company controlled by billionaire Elon Musk, has filed for an initial public offering (IPO). The move could lead to the largest stock market listing ever.

According to Bloomberg, the Texas-based company is aiming for a valuation of over $1.75 trillion.

This would mark a major shift in the perception of space exploration from a speculative venture to a mainstream investment opportunity.

SpaceX could raise over $50 billion
Business strategy

Musk's business empire spans electric vehicles at Tesla, space launch services, satellite broadband, AI, and social media.

The SpaceX IPO follows a merger with Musk's AI start-up xAI, which valued the rocket company at $1 trillion and the Grok chatbot developer at $250 billion.

SpaceX could raise over $50 billion from its public offering. This would easily surpass Saudi Aramco's record-breaking $29.4 billion raised in 2019.

Musk's business empire under scrutiny
Financial health

SpaceX made some $8 billion in profit on revenue of around $15.5 billion last year. The company's strong financial performance is mainly due to its fleet of reusable rockets and the Starlink satellite internet network.

A public listing would put Musk's business empire under more scrutiny, with investors worried about key man risk and his ability to run multiple trillion-dollar companies at once.

Musk likely to use dual-class share structure
Control strategy

To retain control, Musk is likely to use a dual-class share structure. This would allow him to tap public capital while retaining control even after significant dilution.

SpaceX is also seeking regulatory approval for launching up to one million solar-powered satellites as orbital data centers.

The move would combine its launch capabilities with xAI's processing needs, furthering Musk's vision for space exploration and AI integration.