Hawthorne, Calif., April 1, 2026--SpaceX has confidentially filed for an Initial Public Offering (IPO) with the US Securities and Exchange Commission (SEC) according to various media reports. Bloomberg first reported the confidential filing citing sources close to the matter. It reported that seek a valuation of US$ 1.75 Trillion, with a listing around June. The reportedly is expecting to raise up to US$ 75 billion which would be more than three times the size of the biggest U.S. IPO to date.
Founded by Elon Musk in 2002 to develop and operate reusable rockets, SpaceX merged with another Musk company, xAI, in February, creating a combined company then valued at US $1.25 Trillion.
A confidential filing allows companies to submit their financial information to the SEC for regulatory review before revealing them to the public. The confidential submission process allows issuers to avoid premature market speculation and potential impacts on stock prices. It also provides flexibility in planning and marketing transactions without public scrutiny.
SpaceX will have to do a public filing at least 15 days before its planned IPO.
