SpaceX or preparing for the biggest IPO in history, targeting a valuation of $1.75 trillion

Gate News message, April 3, according to reports, SpaceX is preparing to pitch what could be the largest IPO in history to potential investors, targeting a valuation of $1.75 trillion. SpaceX’s valuation is set to grow by nearly two-thirds within months. Earlier this February, after SpaceX acquired Elon Musk’s xAI, the combined company’s valuation was $1.25 trillion. If it goes public at a $1.75 trillion valuation, SpaceX’s market value would exceed all companies in the S&P 500 except Nvidia, Apple, Alphabet, Microsoft and Amazon, and would also surpass Meta and Tesla. SpaceX has secretly filed its IPO application, with the earliest possible listing in June, and is expected to raise as much as $75 billion—far beyond the record for the previous largest IPO, Saudi Aramco’s $29 billion in 2019. The funds raised will be used for space AI data centers and the lunar factory project. SpaceX has selected Bank of America, Citigroup, Goldman Sachs, JPMorgan Chase and Morgan Stanley to serve as the lead underwriters for the IPO, and plans to hold a syndicate call next Monday, with analyst briefings later in April. Bloomberg Intelligence analysts noted that SpaceX’s 2026 revenue is close to $20 billion, with the launch business and Starlink contributing most of the income.