Elon Musk’s Space X to go public with $75 bn IPO, files for listing: Reports

Elon Musk’s SpaceX has reportedly taken a major step toward going public by submitting confidential paperwork to US regulators, potentially setting up what could become the largest initial public offering (IPO) in history, according to a source familiar with the development.

Reports suggest the IPO could be valued at around $75 billion or more, reflecting the company’s rapid growth and ambitious expansion plans in space technology and satellite services. If successful, the offering could surpass the current record set in 2019 by Saudi Aramco, which raised $25.6 billion.

According to sources cited by The Wall Street Journal, the confidential filing indicates that SpaceX may aim to list its shares on a public exchange as early as July.

Earlier this year, following its acquisition of xAI, SpaceX’s valuation reportedly climbed to approximately $1.25 trillion, further boosting investor interest.

Once the filing documents are made public, they are expected to provide deeper insights into the company’s business operations, including its rocket launches, satellite networks, and expanding artificial intelligence initiatives.