SpaceX reportedly to secretly submit the IPO prospectus as early as March, aiming for a valuation exceeding $1.75 trillion

Latest market rumors suggest that Elon Musk’s private space company SpaceX is considering submitting its initial public offering (IPO) documents as early as March in secret.

As the most certain among this year’s three major potential IPOs (SpaceX, OpenAI, Anthropic), this move aligns with its goal to go public in June. By submitting documents confidentially, the company can receive regulatory feedback and make revisions before the prospectus is made public.

Sources say that SpaceX may seek a valuation of “more than $1.75 trillion” in its IPO. Based on current market conditions, this would allow SpaceX to surpass Meta and Saudi Aramco, ranking seventh in the global market capitalization list.

(Source: companiesmarketcap)

Previous reports indicated that in early February, during SpaceX’s acquisition of xAI, the combined entity was valued at $1.25 trillion.

Insiders say that discussions are ongoing, and details may still change; SpaceX might also delay submitting its prospectus.

Consistent with earlier reports, insiders suggest that SpaceX’s IPO could raise up to $50 billion. This would significantly surpass the current world record—Saudi Aramco’s $29 billion in 2019. SpaceX has stated in a memo that the fundraising aims include providing “crazy launch frequency” for the Starship rocket, building AI data centers in space, and establishing a lunar base.

If all goes as expected, major underwriters for SpaceX’s listing are likely to include Morgan Stanley, along with Wall Street giants JPMorgan Chase, Goldman Sachs, and Bank of America. SpaceX may also adopt a “dual-class” share structure, giving Elon Musk and other insiders more voting power.

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(Source: Caixin)