Elon Musk’s SpaceX is preparing for an initial public offering (IPO) that could value the company at $1.75tn, according to reports from Bloomberg and the Wall Street Journal. The IPO is set to be one of the most closely watched and highly valued listings in market history.

Confidential Filing and Regulatory Process

SpaceX has confidentially filed for an IPO on the US stock market, allowing the company to avoid immediately revealing information to the public while it requests feedback from the regulator. The confidential filing will give regulators a period to review and discuss the company’s financial disclosures before investors and the public are able to view them.

The IPO could take place as early as June, Bloomberg reported, in what is expected to be a banner year for high-value public offerings, while this timeline aligns with reports from Bloomberg, Reuters, and the New York Times, which stated that SpaceX aims to officially go public sometime in June.

Financial Aspirations and Market Impact

Elon Musk’s company, which has become a dominant power in both space travel and satellite communications, could potentially seek a valuation upwards of $1.75tn, as this would make its eventual stock market debut one of the most financially significant in history.

By making shares of SpaceX available for purchase by the public, the company is looking to raise $50bn or more, according to the reports. A successful public offering would be a major victory for the tech mogul after a volatile year that included overseeing Doge’s gutting of the federal government, widespread protests against Tesla, and investigations into his Grok chatbot mass-producing non-consensual sexualized images of women and children.

Earlier this year. SpaceX took over xAI. Musk’s artificial intelligence venture — After that all-stock merger, SpaceX is believed to have become the most valuable private company in the world, with an internal valuation of $1.25tn. This degree of consolidation was a clear sign to investors that SpaceX was preparing to go public.

Strategic Moves and Company Interests

With its large-scale ambitions, SpaceX is in need of a massive cash infusion that going public can provide, said Emily Zheng, a senior analyst at Pitchbook. The company is racing to keep up with the “sheer cost of compute, infrastructure, and energy” needed to expand, she said.

Earlier this year, Tesla, Musk’s electric vehicle company, revealed it had invested more than $2bn in xAI. Grok is already included in some Teslas as an AI assistant. SpaceX would also partner with Tesla and xAI in the massive chipmaking endeavour Musk announced last month, which he is calling Terafab.

“Tesla, xAI and SpaceX have all done amazing things that people did not think could be done before,” Musk said in a March presentation discussing Terafab. SpaceX is also planning to build solar-powered datacenters in space that could help meet the computer and energy demands of the AI boom.

Musk started SpaceX in 2002 with the aim of reducing the cost of launching crafts into space, mainly by making rockets that could be launched more than once. It first contracted with Nasa in 2006. Today, most of SpaceX’s work continues to revolve around rockets and the operation of Starlink, a fleet of satellites offering internet connectivity across the globe.

SpaceX has grown to become the most valuable enterprise in Musk’s sprawling tech empire. It has signed extensive, lucrative contracts with the US government for defense and space travel. The US space program is heavily dependent on the company, with Nasa using SpaceX rockets for the majority of its launches.

In addition to its rockets, SpaceX has grown to be a big satellite communications power through its subsidiary Starlink, which ranks among the largest operators of satellites on the planet. The satellite internet service is estimated to bring in over half of SpaceX’s revenue and has also increased Musk’s geopolitical influence, with foreign actors such as the Ukrainian military relying on Starlink for combat operations and planning.