Elon Musk’s SpaceX Eyes Massive $75B IPO — Biggest Ever?

Getting your Trinity Audio player ready...

• SpaceX could launch the largest IPO ever, targeting a $1.75 trillion valuation.
  
• The company is expanding into AI while competing with major tech firms.
  
• Retail investors may gain broader access through shares and tokenization.

Elon Musk’s rocket giant SpaceX is reportedly preparing to go public in what could become one of the largest initial public offerings in U.S. history. According to people familiar with the matter, the company has confidentially filed for an IPO with the U.S. Securities and Exchange Commission, signaling a major step toward opening its business to public investors.

If finalized as early as June, the listing could reshape both the aerospace and tech investment landscape.

A Historic Valuation and Fundraising Ambition

Sources suggest SpaceX could target a valuation exceeding $1.75 trillion—placing it ahead of major companies like Meta and Tesla, and even surpassing the market value of Bitcoin.

The IPO could also raise up to $75 billion, more than double the record set by Saudi Aramco during its 2019 debut. Such a massive capital raise would highlight investor confidence in SpaceX’s long-term growth, fueled by its dominance in satellite launches, space exploration, and communications through Starlink.

AI Expansion and Competitive Pressure

SpaceX’s IPO push comes shortly after its acquisition of Musk’s AI venture xAI, positioning the company in a growing race against firms like OpenAI and Anthropic.

OpenAI recently secured fresh funding that boosted its valuation significantly, reflecting surging investor appetite for artificial intelligence companies. SpaceX’s move into AI suggests a broader strategy—combining aerospace infrastructure with next-generation data and computing capabilities.

Investor Access and Market Structure

The company is expected to brief potential investors later this month, offering deeper insight into its financials and growth plans. Reports indicate SpaceX may adopt a dual-class share structure, allowing insiders—especially Musk—to maintain strong voting control.

Up to 30% of shares could be allocated to retail investors, widening participation in a company that has long been private. Major Wall Street institutions, including Goldman Sachs and JPMorgan Chase, are expected to help manage the offering.

Meanwhile, platforms like Robinhood and Kraken are exploring tokenized shares, which could give smaller investors indirect exposure to private firms like SpaceX before public listings.

Also Read: Forbes 2026 Billionaires: Elon Musk Dominates While Crypto Titans Enter the Elite

Interestingly, SpaceX still holds around 8,285 BTC—worth over $565 million—on its balance sheet. The company moved these assets to a new wallet in late 2024, fueling speculation about its long-term crypto strategy.

SpaceX’s confidential IPO filing marks a pivotal moment not just for the company, but for global markets. With a potential trillion-dollar valuation, AI ambitions, and growing retail investor access, the listing could redefine how investors engage with frontier technologies. If successful, SpaceX may set a new benchmark for both scale and innovation in public offerings.

Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.