Elon's Musk SpaceX confidentially files for IPO, plans to raise largest US IPO ever

Elon Musk’s SpaceX has confidentially filed for an initial public offering (IPO) with the Securities and Exchange Commission.

This step makes it one step closer to what is expected to be the largest IPO in history.

As reported by CNBC and Bloomberg, the company is reportedly seeking a valuation of over $1.75 trillion.

The listing is expected to come as early as June.

The company founded by Musk in 2002 has evolved from a pioneering rocket company into the National Aeronautics and Space Administration (NASA)’s largest launch partner.

In February, the company merged with Musk’s xAI, and the combined company was valued at $1.25 trillion.

The IPO will make Musk the first person to lead two separate trillion-dollar publicly traded companies. Tesla, an electric car maker founded by Musk, is currently valued at $1.4 trillion.

With this offering, the company is expected to shatter all records.

According to reports, the company may raise up to $75 billion, which is three times the size of the largest U.S. IPO to date.

Previously, the biggest IPO filing was of Alibaba, which was $22 billion in 2014. A confidential filing enables companies to submit financial data to the SEC, which is reviewed before the data is publicly disclosed. SpaceX must make a public filing at least 15 days prior to the IPO road show.

The company has won contracts worth over $24.4 billion in federal contracts since 2008, working with NASA, the Air Force, and the Space Force. SpaceX flew 165 times in orbit in 2025.