Elon Musk’s rocket company has taken the first steps toward going public by submitting initial documents with federal regulators, according to two people with knowledge of the filing. The potential stock offering could become the largest in Wall Street history and might elevate Musk to trillionaire status.
The anticipated SpaceX public offering is expected to be among Wall Street’s most significant events this year, with multiple investment firms positioning themselves to assist in raising billions of dollars. The funds would support Musk’s ambitious goals of establishing a lunar base, launching massive orbital data centers, and eventually sending humans to Mars.
The individuals who disclosed this information requested anonymity since they lack authorization to discuss the confidential Securities and Exchange Commission registration publicly.
SpaceX has not yet responded to requests for comment on the matter.
While the exact fundraising target remains undisclosed, reports suggest the company aims to raise up to $75 billion. The stock debut, potentially scheduled for June, could establish SpaceX’s total valuation at $1.5 trillion—nearly twice its December valuation when some minority shareholders sold their holdings, according to Pitchbook research.
Beyond manufacturing reusable rockets for launching astronauts and equipment into space, SpaceX operates Starlink, the globe’s largest satellite communications network. The company has also recently acquired two other Musk ventures: the social media platform X (previously known as Twitter) and his artificial intelligence company, xAI.
