SpaceX has reportedly filed confidential IPO paperwork with the SEC, eyeing a June 2026 listing with more than $1.75 trillion and up to $75 billion raised after the xAI merger valuation of $1.25 trillion.
summary
- Elon Musk’s SpaceX has reportedly filed a secret IPO filing with the Securities and Exchange Commission, targeting a valuation of more than $1.75 trillion and a June 2026 listing.
- The listing could raise up to $75 billion, surpassing Saudi Aramco’s bid of $29.4 billion, the current record for money raised in an IPO.
- SpaceX’s recent $1.25 trillion valuation following its acquisition of Musk’s AI xAI project positions it as the world’s most valuable private company ahead of its potential debut.
SpaceX, Elon Musk’s US-based rocket and satellite company, has quietly done so foot A draft registration for an initial public offering has been filed with the Securities and Exchange Commission, in a move that could value the group at more than $1.75 trillion and bring the world’s largest ever listing to the market as soon as June 2026.
People are familiar with this process He said Bloomberg reported that SpaceX is “targeting a confidential filing for an initial public offering as soon as next month,” a timeline that would keep the long-awaited flotation on track for a mid-year debut. Under U.S. rules, a confidential filing allows large issuers to work through several rounds of SEC comments before publishing an S-1 prospectus, limiting early scrutiny of detailed financial statements.
Insiders say the company has already filed a draft IPO registration and is expected to go public in June, potentially the first of three so-called “super IPOs” ahead of OpenAI and Anthropic, with banks including Bank of America, Citigroup, Goldman Sachs, JPMorgan Chase and Morgan Stanley lined up as lead underwriters. The same report suggests SpaceX could raise as much as $75 billion in new capital, more than double the $29.4 billion raised by Saudi Aramco in its 2019 IPO, which White & Case described as “the largest IPO ever” at the time. In cryptocurrency markets, the looming SpaceX deal follows similar large-cap listings that have crossed over into digital assets, including Coinbase’s direct listing, and echoes recent coverage highlighting how big corporate coffers are increasingly willing to hold assets like bitcoin alongside cash and bonds.
The buildup to the IPO comes just weeks after SpaceX acquired Musk’s AI startup xAI in a record all-stock deal that Reuters says values SpaceX at $1 trillion and xAI at $250 billion, creating a combined entity worth about $1.25 trillion. In a note cited by Reuters, Musk put the relationship in typically expansive terms, writing that the merger “means not just a new chapter, but an entirely new book in the journey of SpaceX and xAI: expanding to create a sentient sun that understands the universe and spreads the essence of consciousness to the stars!” Coverage in the Financial Times and other media outlets has emphasized that the deal concentrates more of Musk’s wealth and operating clout at SpaceX, just as bankers are touting investors in its satellite internet arm Starlink as a long-term cash flow driver.
SpaceX’s listing adds to a series of stock trades that could impact liquidity conditions across traditional and digital asset markets, especially if the company confirms reported bitcoin holdings or clarifies whether any related token stock products will trade alongside the stock. In previous crypto.news storyMarkets tracked how large tech listings and balance sheets linked to Bitcoin could amplify risk sentiment across the digital asset, while another story looked at how Musk-adjacent projects have repeatedly served as catalysts for renewed retail inflows into cryptocurrencies during key financing phases. With standard tokens such as Bitcoin (Bitcoin), Ethereum (Ethereum) and Solana (Sol), traders will be watching whether SpaceX’s early summer roadshow increases risk appetite or drains liquidity into what could be the initial public offering of the decade.
