Musk’s SpaceX set for mega listing, banks queue for landmark deal

SpaceX , the space exploration firm founded by Elon Musk , has reportedly submitted preliminary paperwork for an initial public offering (IPO), according to sources familiar with the matter. The confidential filing with the U.S. Securities and Exchange Commission could pave the way for what may become the largest IPO in history .

The offering, expected as early as June 2026 , could raise up to $75 billion , valuing SpaceX at approximately $1.5 trillion , nearly double its late-2025 valuation, according to PitchBook estimates. Investment banks are already lining up for a role in the blockbuster listing.

Founded in 2002, SpaceX has transformed the aerospace industry through reusable rocket technology , including its Falcon 9 and Falcon Heavy launch systems, as well as the Crew Dragon spacecraft used for human spaceflight missions. A major contributor to its valuation is Starlink, now the world’s largest satellite communications network , providing global broadband coverage.

The company has also expanded its scope by integrating Musk’s other ventures, including X and xAI, positioning itself at the intersection of space, communications, and AI.

Proceeds from the IPO are expected to fund ambitious projects such as a lunar base , orbital data centres , and long-term Mars exploration via its Starship program.

If the $1.5 trillion valuation materializes and Musk retains roughly 40–45% ownership , his stake could be worth over $600 billion . Combined with his holdings in Tesla and other ventures, his net worth could approach $1 trillion , potentially making him the world’s first trillionaire .

SpaceX has not officially commented, and final IPO details remain subject to change.