SpaceX IPO valuation: Elon Musk’s company eyes $1.8 trillion value in blockbuster listing
Elon Musk’s SpaceX is aiming for a valuation of at least $1.8 trillion as it moves closer to what could become the biggest initial public offering (IPO) in history, reported Bloomberg.
The rocket and artificial intelligence company is currently discussing a valuation of around $1.8 trillion with investors and advisers ahead of its stock market debut. While the figure is lower than the more than $2 trillion valuation that had earlier been discussed, it would still make SpaceX one of the most valuable publicly listed companies in the world.
The final valuation has not yet been decided and could change depending on investor demand during the IPO process, Bloomberg reported, citing people familiar with the matter.
SpaceX is also looking to raise as much as $75 billion through the offering, according to people familiar with the plans. If achieved, it would surpass previous records and become the largest IPO ever.
The company is expected to begin formally marketing the IPO as early as June 4 and could price the issue around June 11, according to Bloomberg. However, the timeline may still change depending on market conditions and investor feedback.
The planned listing marks a major moment not only for SpaceX but also for Elon Musk, whose businesses span electric vehicles, social media, artificial intelligence and space exploration.
A filing made by the company on May 20 shows how much SpaceX has changed over the years. What began as a company focused on reusable rockets and satellite launches is now positioning itself as a broader technology and artificial intelligence player.
The filing outlines ambitions that go far beyond launching satellites. SpaceX is now pitching itself as a future AI infrastructure company with plans that include orbital data centres and access to what it estimates as a total addressable market worth $28.5 trillion.
The company generated revenue of $18.7 billion in 2025, up from $14 billion in 2024. However, its profitability took a hit during the same period.
According to the filing, SpaceX reported a loss of $4.94 billion in 2025, compared with a profit of $791 million a year earlier.
The financial results reflect the company’s heavy spending as it expands its operations across rockets, satellite internet, artificial intelligence and other emerging technologies.
One of the biggest developments came earlier this year when SpaceX acquired Musk’s artificial intelligence company xAI, which owns the Grok chatbot and social media platform X. Bloomberg reported that the transaction valued SpaceX at $1 trillion and xAI at $250 billion at the time.
The IPO filing suggests the company now wants investors to view SpaceX not only as a space company but also as a major AI and technology infrastructure player.
Several of Wall Street’s biggest banks are working on the IPO. Goldman Sachs, Morgan Stanley, Bank of America, Citigroup and JPMorgan are leading the offering along with 18 other banks.
SpaceX, formally known as Space Exploration Technologies Corp., is expected to list on Nasdaq and Nasdaq Texas under the ticker symbol SPCX.
The IPO is likely to attract huge investor attention given Musk’s global profile and the growing interest in both artificial intelligence and space technology. If the company achieves its target valuation, it would rank among the most valuable companies ever to go public.
