SpaceX appears to be moving closer to one of the most anticipated initial public offerings (IPOs) in history, with a new report suggesting the company could file its prospectus within days—potentially setting the stage for a blockbuster public debut later this year.
According to The Information, Elon Musk’s aerospace and telecommunications company is preparing to submit confidential IPO paperwork with regulators as soon as this week or next. While the timeline is not yet confirmed, such a filing would mark the formal start of the process ahead of a widely expected public listing targeted for June 2026.
What makes this potential IPO especially notable is its sheer scale. Advisors involved in the deal reportedly believe SpaceX could raise more than $75 billion, significantly higher than earlier estimates of around $50 billion. If achieved, that would make it the largest IPO in U.S. history—surpassing the total amount raised by all U.S. IPOs last year combined.
The fundraising target aligns with increasingly aggressive valuation expectations. Earlier reports suggested SpaceX could seek a valuation as high as $1.75 trillion, a sharp jump from roughly $1.25 trillion following its recent acquisition of xAI. At that level, SpaceX would immediately rank among the most valuable publicly traded companies in the world.
Beyond the size of the offering, the structure of the IPO could also break from tradition. Musk is reportedly pushing for a much larger allocation of shares to individual investors. While retail investors typically receive around 10% of IPO shares, SpaceX’s offering could see that portion exceed 20%, although final details have not yet been set.
There are also indications that SpaceX may avoid the standard six-month lockup period that prevents insiders from selling shares immediately after the IPO. Instead, the company is said to be exploring a custom arrangement to avoid a large wave of early selling pressure.
Another wrinkle is the potential financial impact of absorbing Musk’s artificial intelligence company, xAI, in a deal reportedly valued at $250 billion. The IPO filing could reveal losses tied to that integration, though early indications suggest investor demand may remain strong regardless, given SpaceX’s dominant position in launch services and satellite communications through Starlink.
SpaceX has not publicly confirmed the timeline or details of the IPO, and Reuters noted it was unable to independently verify the report.
