SpaceX, the aerospace company founded by Elon Musk in 2002, has confidentially filed for an initial public offering (IPO) with the Securities and Exchange Commission (SEC), according to reports from CNBC. This move positions SpaceX closer to what is anticipated to be a record-breaking public offering, with a potential valuation of approximately $1.75 trillion and a listing targeted for June 2026.
Bloomberg was the first to disclose the confidential filing, which allows SpaceX to submit its financial details to the SEC for review before making them public. Following this process, a formal filing must be released at least 15 days prior to the IPO roadshow. If successful, Musk will be the first individual to head two trillion-dollar publicly traded companies, with Tesla's market capitalization currently around $1.4 trillion.
SpaceX has significantly contributed to the U.S. government, receiving over $24.4 billion in contracts from various federal agencies since 2008, including NASA and the Air Force. The company has conducted 165 orbital flights in 2025 and is developing the Starship Super Heavy launch vehicle.
Despite the company’s strong fundamentals and potential for retail interest, experts caution that the current market volatility, influenced by geopolitical tensions and fluctuating oil prices, could impact the IPO's success. Reena Aggarwal, a finance professor at Georgetown, noted that favorable market conditions are vital for a successful offering.
In addition to its aerospace endeavors, SpaceX operates the Starlink satellite internet service and owns the social media platform X, formerly Twitter. The upcoming IPO is poised to attract significant attention from investors seeking exposure to Musk's ventures.