SpaceX Reportedly Filing For $1.75 Trillion IPO

Elon Musk's space company is taking a giant leap into public markets, with reports that they have filed confidential paperwork with the SEC for an IPO that sources say could value the company at $1.75 trillion.

Some reports have suggested a valuation of $2 trillion-plus, although Musk himself has challenged these reports when they first circulated.

According to Reuters, SpaceX outlined details of its highly anticipated IPO at a meeting with its team of bankers Monday night, telling them it plans to earmark a large portion of shares for retail investors and will host 1,500 of them at an event in June following the IPO roadshow launch.

SpaceX's IPO would give the company a massive capital injection to accelerate its Starship rocket and Starlink satellite programmes, while cementing Musk's ambition to make space travel more accessible.

The filing follows years of rapid growth, including reusable rocket landings, crewed ISS missions, and the mass deployment of Starlink satellites. These milestones have driven the company's valuation sharply higher and signalled investor confidence in its ability to reshape the aerospace industry.

Musk is reported to have said in a statement, "This is a historic moment for the commercial space industry and a testament to the incredible work our team has accomplished at SpaceX."

Morgan Stanley, Bank of America, Citigroup, ⁠JP Morgan and Goldman Sachs are leading the deal as active bookrunners, with 16 other banks in smaller roles spanning institutional, retail and international channels, Reuters previously reported.