Reports: SpaceX Files Confidential IPO Targeting $1.75 Trillion Valuation

Bloomberg and the Wall Street Journal report that Elon Musk’s SpaceX has confidentially filed for an initial public offering with the SEC, aiming for a June 2026 listing that could rank as the largest stock market debut on record. The Texas‑based company is reportedly seeking to raise as much as $75 billion at a valuation of about $1.75 trillion, dwarfing prior IPOs such as Saudi Aramco’s $25.6 billion and Alibaba’s $21.8 billion offerings. A confidential filing allows SpaceX to work with regulators and refine its prospectus outside the public eye until the registration becomes public, at which point investors will gain their first detailed look at the company’s finances. Analysts say the proceeds could fund expansion of Starlink satellite constellations, space‑based data centers, and broader launch and defense work, including positioning SpaceX for more Pentagon contracts under the Trump administration’s “Golden Dome” missile‑defense initiative. The move follows SpaceX’s February 2026 acquisition of Musk’s AI firm xAI, which helped push its private valuation to roughly $1.25 trillion and feeds Wall Street speculation about Musk’s longer‑term plans to fuse his space, AI and possibly auto interests into a single platform.