SpaceX confidentially files to go public at $1.75T, reports say

7 hours ago

SpaceX confidentially filed for an IPO, expected to be one of the most watched and highly valued listings in history.
The company could seek a valuation above $1.75 trillion, with the IPO potentially occurring as early as June.
SpaceX has grown into a dominant force in space travel and satellite communications via Starlink, which generates over half its revenue.
Elon Musk's fortune is set to increase significantly, moving him closer to becoming the world's first trillionaire.
SpaceX acquired Musk's xAI in February, planning solar-powered space datacenters to support AI growth.
The company holds major contracts with the U.S. government and NASA, which relies heavily on its rockets for launches.
Financial details, long kept secret, will be disclosed closer to the IPO, with Barclays among banks coordinating the offering.

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