SpaceX IPO plans: preliminary SEC filing signals potential share sale and valuation

SpaceX has filed early paperwork with the US securities regulator to sell shares publicly, according to two people. The filing could set up one of the year’s largest stock market launches. The same sources said several big banks were preparing to join the deal. SpaceX did not respond quickly to a request for comment.

Representative image

The sources described a confidential registration with the Securities and Exchange Commission. The people spoke on condition of anonymity. The people said they were not authorised to discuss the filing in public. A share sale could bring in tens of billions of dollars. The money would support Elon Musk’s long-term space plans.

SpaceX IPO filing and possible timing

The share sale could happen as early as June, the sources said. The total amount SpaceX aimed to raise was not disclosed. Reports have put the figure as high as USD 75 billion. If it goes ahead, the listing could become a major Wall Street event. It could also rank among the biggest offerings ever.

Research firm Pitchbook said the IPO could value SpaceX shares at USD 1.5 trillion. That figure would be nearly twice the company’s value in December. In that earlier deal, some minority owners sold their stakes. The IPO’s size could make Elon Musk the world’s first trillionaire. The sources said banks were lining up to help.

SpaceX IPO plans and funding goals

The fundraising would support projects tied to Musk’s space ambitions. Those plans include building a base on the moon. They also include placing data centres in orbit. The sources described those centres as the size of several football fields. Musk has also spoken of a mission that could one day send a man to Mars.

SpaceX IPO context and business portfolio

SpaceX builds reusable rockets for astronauts and cargo launches into orbit. The company also owns Starlink, the world’s largest satellite communications business. SpaceX recently bought two other Musk businesses as well. Those were social media platform X, formerly Twitter, and Musk’s artificial intelligence business, xAI.

The filing details have stayed private because the registration was confidential. No official figure has been released on pricing or final timing. Still, the sources said the planned deal could raise vast sums. Pitchbook’s estimate suggested a USD 1.5 trillion valuation. SpaceX’s rocket work and Starlink business form the base of that case.

With inputs from PTI