Elon Musk’s SpaceX is preparing to submit a confidential filing for an initial public offering that may arrive as early as March. People familiar with the matter say the company is aiming for a valuation above $1.75 trillion, which would place the offering among the largest planned listings in market history. The discussions remain private, and the people requested anonymity.
The company plans to send a draft registration to the U.S. Securities and Exchange Commission. The review could support a possible June listing if the process continues without delay. SpaceX has not confirmed the plans, and the SEC did not comment when asked about the reports.
SpaceX Business Growth and Expansion of Core Services
SpaceX has grown into a leading force in global launch services and satellite broadband. The Starlink network now delivers internet access to users in many parts of the world, and demand for its services continues to climb. The company also maintains deep ties to NASA and the U.S. government through long term contracts.
People familiar with internal results say SpaceX produced around $15 billion to $16 billion in revenue last year. Profit reached nearly $8 billion, which places the company among the strongest private firms in advanced technology. These numbers have helped support the valuation range used in recent private transactions.
The Starbase site in Texas remains central to the company’s development plans. Elon Musk told employees that a new Starship version is scheduled for testing in March. The rocket includes many upgrades after engineers worked through earlier challenges.
SpaceX IPO Timing and Broader Market Setting
The potential offering arrives during a year of strong interest in public listings. Firms in artificial intelligence and aerospace are preparing to enter public markets after years of private funding. As we reported, at least three large technology IPOs in 2026, with SpaceX, OpenAI, and Anthropic among the firms often mentioned by investors.
A confidential filing allows companies to work through early regulatory reviews without releasing detailed financial data. This path gives SpaceX more time to refine reports and adjust plans if market conditions change. The structure has been used by many private firms preparing large or complex offerings.
Market analysts say investor demand for aerospace and satellite ventures has grown as global connectivity becomes more important. Satellite networks now support communication, logistics, emergency response, and remote business operations. SpaceX is viewed as a core provider in this expanding market.
Expansion Through xAI and New Technology Links
Concurrently, SpaceX has recently completed the acquisition of xAI, Elon Musk’s artificial intelligence startup. The deal was completed in an all-stock transaction, and people familiar with the valuation say it valued the combined group at about $1.25 trillion.
Elon Musk, whose net worth has surpassed $800M, described the merger as a move to create a shared engine for AI, rockets, internet systems, and media tools.
Amid the IPO plans, Microsoft last week announced a partnership with SpaceX to expand global connectivity. The company plans to pair Starlink broadband with new cloud and community-based programs to support remote regions.
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