SpaceX, the aerospace company founded by Elon Musk, is reportedly planning to submit a confidential filing for an initial public offering that could value the business at more than $1.75 trillion, according to Bloomberg News sources familiar with the discussions.
The confidential paperwork could be submitted as early as March. If the timeline holds, the public offering may take place around June, potentially making it one of the largest IPOs ever. However, the plans are not final and the company could still postpone the listing.
At the same time, Musk is preparing for a test launch of an upgraded version of SpaceX’s next-generation Starship rocket in March. The new model is expected to include hundreds of improvements after the company paused launches for several months to address technical and engineering issues. Since 2023, SpaceX has carried out 11 Starship test flights, drawing major public attention. Some of those launches ended in partial or complete failures.
Investors are anticipating a strong year for public offerings, with other highly valued artificial intelligence firms such as OpenAI and Anthropic also exploring potential stock market debuts in 2026.
Based in Starbase, the company reportedly earned about $8 billion in profit last year on revenue between $15 billion and $16 billion. Much of that income came from its satellite internet division, Starlink, which accounts for roughly 50% to 80% of total revenue.
Starlink is expanding its product lineup, including a direct-to-device satellite internet service and plans for a Starlink-branded smartphone.
Earlier this year, SpaceX finalized an all-stock acquisition of Musk’s artificial intelligence venture, xAI. The combined company is reportedly valued at approximately $1.25 trillion.
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