SpaceX has submitted draft documents for an Initial Public Offering (IPO) to the U.S. Securities and Exchange Commission through a confidential route, according to Reuters reports.
The process allows the company to receive regulatory feedback before publicly disclosing details. A potential listing timeline points to mid-2026, although no official confirmation has been issued.
As per the report, the proposed offering could raise between $50 billion and $75 billion. At that level, it would exceed the $29 billion raised by Saudi Aramco in 2019. The company is said to be targeting a valuation of over $1.75 trillion.
This follows its merger with Musk’s artificial intelligence venture xAI, which valued the combined business at approximately $1.25 trillion.
SpaceX operates across launch services, satellite communications and artificial intelligence infrastructure. Its Falcon 9 rocket programme continues to account for a large share of global launches.
Starlink, its satellite internet business, is a key contributor to revenue, with about 9 million users and a mix of commercial and defence-related contracts. Market participants indicate that recurring income from Starlink underpins much of the company’s valuation.
The company is considering a dual-class share structure that would allow insiders, including Elon Musk, to retain greater voting control.
Several banks, including Goldman Sachs, JPMorgan Chase and Morgan Stanley, are expected to play senior roles in the offering.
The filing comes ahead of potential public offerings from artificial intelligence firms such as OpenAI and Anthropic.
A listing of this scale may influence broader IPO activity, particularly as large private companies have delayed public market entry in recent years.
Read More: IPO Alert: Travomint Files Draft Papers with SEBI via Confidential Route to Raise Funds!
The confidential filing marks an early step in the listing process. Final details, including pricing and share allocation, are expected in subsequent public disclosures.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Apr 2, 2026, 1:17 PM IST
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