SpaceX is preparing to confidentially file for an initial public offering as soon as March and could seek a valuation of more than $1.75 trillion, Bloomberg reported, citing people familiar with the matter.
According to the report, the Elon Musk-led company is expected to submit a draft registration statement to the U.S. Securities and Exchange Commission next month, keeping it on track for a potential June listing. The people spoke on condition of anonymity because the deliberations are private.
A valuation above $1.75 trillion would make the offering one of the largest in market history and underscore investor appetite for space and satellite ventures tied to Musk’s expanding business empire.
The Starbase, Texas-based firm has grown into a dominant force in commercial space launches and satellite broadband through its Starlink network, while serving as a major contractor to NASA and the U.S. government.
A confidential filing would allow SpaceX to undergo regulatory review without immediately disclosing detailed financial information to the public. If completed on the suggested timetable, the IPO could be the first in a series of blockbuster listings this year, with artificial intelligence firms such as OpenAI and Anthropic PBC also seen as potential candidates for public offerings.
SpaceX has not publicly confirmed the plans, and the SEC declined to comment.