SpaceX Quietly Files for IPO. Here's What It Could Do to Elon Musk's Fortune

SpaceX has taken its first formal step toward going public. A recent report revealed that the Elon Musk rocket company, SpaceX, has confidentially filed for an initial public offering.

If completed, this would become the largest IPO in U.S. history. Under rules from the US Securities and Exchange Commission, SpaceX would have to release a public filing at least 15 days before an IPO road show.

According to a report from Bloomberg, SpaceX has already submitted a draft registration statement to the SEC, a step that would put the company on track for a potential June listing.

The company is reportedly seeking a valuation north of $1.75 trillion, a figure that would top every IPO on record and would make founder Elon Musk, already the world's richest man, into a trillionaire, as noted by The Associated Press