Elon Musk's SpaceX has confidentially filed for a U.S. initial public offering, setting the stage for what could be the largest stock market listing ever. The aerospace giant, valued at over $1.75 trillion following its merger with AI startup xAI, aims to raise more than $50 billion.
The company, which operates the world's most valuable private space enterprise, plans to host an analyst day on April 21 and offer a virtual session with banks on May 4.
Founded in Texas, SpaceX has launched more rockets than any other company and aims to colonize Mars. Its satellite communications system powers global internet access and supports military operations.
Despite Musk's polarizing public image, investors are drawn to SpaceX's profitability and technological lead. Analysts note that a dual-class share structure would allow Musk to retain control while raising capital.
SpaceX's recent profit of $8 billion on $15-16 billion in revenue underscores its growing influence. As the space economy expands, investors are increasingly betting on Musk's vision of orbital data centers and AI integration.
The firm's move signals a resurgence in IPO activity and a broader trend toward public offerings among tech giants like OpenAI and Anthropic.