SpaceX files confidential IPO, targeting June listing
Elon Musk's space company seeks $50 billion to $75 billion in what could be the largest stock market debut ever.
2:51 PM
SpaceX has confidentially filed for an initial public offering with the Securities and Exchange Commission, according to Bloomberg, the Wall Street Journal, and other outlets. The filing puts the company on track for a June listing.
The Texas-based rocket and satellite maker is aiming to raise between $50 billion and $75 billion, according to reports citing people familiar with the matter. Bloomberg reported the company could seek a valuation of $1.75 trillion, while other sources indicate SpaceX values itself at more than $1 trillion.
A confidential filing allows the company to gather private feedback from regulators and temporarily insulates financial disclosures from public view before the formal IPO process advances.
If completed at the reported valuation and fundraising target, the offering would rank among the largest in market history. Saudi Aramco, Saudi Arabia's state-owned petroleum and natural gas company, held the record for the largest IPO when it went public in 2019, raising more than $29 billion at a valuation of $1.7 trillion. Alibaba, a Chinese e-commerce company, went public for $21.8 billion in 2014.
SpaceX has become the world's dominant space company in launch services and space-based communications. The company operates the Starship rocket and manages satellite operations, among other ventures.
Elon Musk, SpaceX's founder, previously discussed moving forward with an offering around June. SpaceX did not immediately respond to requests for comment regarding the filing.