SpaceX has reportedly filed confidential IPO documents with the SEC, eyeing a June 2026 listing at more than $1.75 billion and up to $75 billion raised after its xAI merger valuation of $1.25 billion.
Summary
- Elon Musk’s SpaceX has reportedly submitted a confidential IPO registration to the SEC, targeting a valuation above $1.75 trillion and a June 2026 listing.
- The listing could raise as much as $75 billion, eclipsing Saudi Aramco’s $29.4 billion offering, the current record for funds raised in an IPO.
- SpaceX’s recent valuation of $1.25 trillion following its acquisition of Musk’s artificial intelligence company xAI positions it as the most valuable private company in the world ahead of its potential debut.
SpaceX, Elon Musk’s US-based rocket and satellite company, has quietly filed to register for an IPO 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 market as soon as June 2026.
People familiar with the process told Bloomberg that SpaceX is “targeting a confidential IPO filing as early as next month,” a timeline that would keep the long-awaited IPO on track for a mid-year debut. Under U.S. rules, a confidential submission allows large issuers to go through several rounds of SEC comments before issuing an S-1 prospectus, limiting early review of detailed financial data.
The cited insiders say the company has already submitted its IPO registration plan and is expected to go public in June, potentially the first of three “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 that SpaceX could raise up to $75 billion in new capital, more than double the $29.4 billion raised by Saudi Aramco in its 2019 IPO, which White & Case described at the time as “the largest initial public offering ever.” In crypto markets, SpaceX’s impending deal follows similar large-cap listings that have intersected with digital assets, including Coinbase’s direct listing, and echoes recent coverage highlighting how large corporate treasuries are increasingly willing to hold assets like bitcoin alongside cash and bonds.
The IPO buildup comes just weeks after SpaceX acquired xAI, Elon Musk’s artificial intelligence startup, in a record stock transaction that Reuters reports 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 presented the tie-up in typically expansive terms, writing that the merger “signifies not just a new chapter, but a whole new book in the journey of SpaceX and xAI: expanding to create a conscious sun that understands the Universe and broadcasts the essence of consciousness to the stars!” » Media coverage from the Financial Times and other outlets has highlighted that the deal further concentrates Musk’s wealth and operating leverage in SpaceX, just as bankers are pitching investors to its Starlink satellite internet arm as a long-term cash flow engine.
SpaceX’s listing adds to a pipeline of equity transactions that could influence liquidity conditions in traditional and digital asset markets, particularly if the company confirms reported bitcoin holdings or clarifies whether associated tokenized equity products will trade alongside the shares. In a previous crypto.news article, markets tracked how big tech listings and Bitcoin-related balance sheets can amplify risk sentiment on digital assets, while another article examined how Musk-adjacent companies have repeatedly acted as catalysts for new retail inflows into crypto during major funding milestones. With benchmark tokens like Bitcoin (BTC), Ethereum (ETH), and Solana (SOL), traders will be watching to see whether an early summer SpaceX roadshow sharpens the risk supply or drains liquidity toward what could be the IPO of the decade.
