SpaceX Files for IPO Targeting $1.75T Valuation

SpaceX has confidentially filed for an initial public offering with the US Securities and Exchange Commission, setting up what is expected to be the largest IPO in history. People familiar with the matter said SpaceX was seeking to raise about $75 billion and targeting a valuation around $1.75 trillion.

The filing is confidential, allowing the company to advance listing plans without publicly revealing financials. SpaceX last month acquired xAI, and the IPO is expected sometime in June. The company was valued around $90 billion as recently as 2022, and it plans to float less than 5% of its equity.