SpaceX Eyes Trillion-Dollar IPO Launch

SpaceX is reportedly targeting a confidential filing for its initial public offering as early as March, with plans for a potential listing in June. The Elon Musk-led rocket company is aiming for a valuation exceeding $1.75 trillion, which would make it the largest public offering in history if it raises up to $50 billion. This move follows SpaceX's acquisition of AI startup xAI, which valued the combined entity at $1.25 trillion.

The company's IPO is intended to finance its ambitious 2026 goals, including escalating Starship rocket launches, developing space-based artificial intelligence data centers, and establishing a lunar base. Major financial institutions such as Bank of America, Goldman Sachs, JPMorgan Chase, and Morgan Stanley have been engaged for senior roles in managing the IPO. Considerations are ongoing, and the company could still alter its timeline.

SpaceX, known for its Falcon 9 rocket and Starlink internet services, aims to fund an "insane flight rate" for its Starship developmental rocket, artificial intelligence data centers in space, and a base on the moon by 2026. The company is also exploring a dual-class share structure that could grant insiders, like Musk, greater voting power.