SpaceX has confidentially filed for an initial public offering, aiming to raise up to $75 billion. The move could value the company at over $1.75 trillion, marking a $500 billion increase since its January merger with xAI.
The company plans to begin its investor roadshow later this month. Notably, 30% of shares will be allocated to retail investors-triple the typical amount.
Proceeds will support key initiatives including upgrades to Starlink internet satellites, new reusable rockets, and orbital data centers. Last year, the company generated $15 billion in revenue, with Starlink contributing 80% of its $8 billion adjusted profit.
SpaceX’s Starship rocket, standing 403 feet tall, is designed to carry up to 150 tons of cargo or 100 passengers. Its engines use methane and oxygen, with specialized Raptor Vacuum models for space operations.
The firm operates more than 10,000 Starlink satellites and may triple that number. The $75 billion raised could fully fund that expansion and leave funds for data center investments.
Earlier this year, xAI announced a $20 billion AI campus in Mississippi, where SpaceX already runs two facilities. Orbital deployment of AI servers is also under development, with Starship slated for launch duties.
SpaceX aims to go public in June.