SpaceX said it will file for a private IPO with the SEC for up to $1.75T
SpaceX has reportedly filed confidential IPO paperwork with the SEC, targeting a June 2026 listing of more than $1.75T and up to $75B raised after its $1.25T merger valuation xAI.
Summary
- Elon Musk’s SpaceX has reportedly submitted a confidential IPO registration to the SEC, targeting a value of more than $1.75 trillion and a June 2026 listing.
- The listing could raise as much as $75 billion, surpassing Saudi Aramco’s $29.4 billion offering, the current record amount raised in an IPO.
- SpaceX’s recent valuation of $1.25 trillion following its acquisition of Musk’s AI business xAI puts it as the most valuable private company in the world ahead of time.
SpaceX, Elon Musk’s rocket and satellite company based in the United States, has quietly filed a draft registration for an initial public offering with the Securities and Exchange Commission, a move that could value the group at more than $1.75 trillion and bring the world’s largest listing as soon as June 2026.
People familiar with the plan told Bloomberg that SpaceX is “targeting a private public offering as soon as next month,” a timetable that would keep the long-anticipated float on track for a mid-year launch. Under US rules, private filings allow major issuers to work through several rounds of SEC comments before publishing an S-1 prospectus, which limits early scrutiny of detailed financing.
The insiders they cited said the company has already submitted its draft IPO registration and is expected to go public in June, possibly the first of three so-called “super IPOs” ahead of OpenAI and Anthropic, with banks including Bank of America, Citigroup, Goldman Sachs, JPMorgan Chase and Morgan Stanley listed as lead bidders. The same report suggests SpaceX could raise $75 billion in new capital, more than double the $29.4 billion Saudi Aramco raised in its 2019 IPO, which White & Case described as “the largest public offering ever” at the time. In the crypto markets, SpaceX’s impending deal follows similar large-cap listings that have gone against digital assets, including the direct listing of Coinbase, and echoes recent listings that highlight how large corporate stocks are willing to hold assets like bitcoin alongside cash and bonds.
The IPO settlement comes weeks after SpaceX acquired Musk’s artificial intelligence startup xAI in an all-time record filing with Reuters that valued SpaceX at $1 trillion and xAI at $250 billion, creating a combined company worth about $1.25 billion. In a memo cited by Reuters, Musk put the merger in broad terms, writing that the merger “marks not just a new chapter, but an entirely new book in the journey of SpaceX and xAI: expanding to create a conscious sun that understands the Universe and spreads the essence of awareness to the stars!” Coverage by the Financial Times and other outlets emphasized that the deal further concentrates Musk’s wealth and operating power at SpaceX just as bankers are pitching investors in the Starlink satellite internet arm as a long-term cash flow engine.
SpaceX’s listing adds to a line of equity deals that could impact credit conditions across traditional and digital asset markets, especially if the company confirms reported bitcoin holdings or specifies that any related token equity products will trade alongside the stock. In a previous article on crypto.news, markets tracked how the listing of major technologies and balance sheets linked to bitcoin can increase risk-sensitivity in all digital assets, while another story examines how businesses close to Musk have repeatedly served as catalysts for the re-entry of stores into crypto during major financial events. With benchmark tokens such as Bitcoin (BTC), Ethereum (ETH) and Solana (SOL), traders will be watching to see if SpaceX’s early summer road show sharpens a bid for risk or draws cash from what could be the IPO of the decade.
