Elon Musk, CEO of SpaceX and Tesla, recently attended a state banquet in Beijing alongside U.S. President Donald Trump and Chinese President Xi Jinping on May 14, 2026. This event coincides with significant developments at SpaceX, which has confidentially filed for an initial public offering (IPO) as of April. Sources indicate that the company plans to release its prospectus imminently, with a roadshow aimed at investors set to begin on June 8.
The IPO is anticipated to be unprecedented in scale, with estimates suggesting a listing size between $70 billion and $75 billion, which would surpass the previous record set by Saudi Aramco in 2019. This surge in valuation follows SpaceX's recent merger with xAI, Musk's artificial intelligence venture, which valued the combined entity at approximately $1.25 trillion.
Given the magnitude of this offering, SpaceX's advisers are exploring unconventional avenues to attract long-term retail investors, particularly outside the United States. This includes outreach to brokers in international markets such as the U.K., Japan, and Canada.
The market has shown a renewed interest in IPOs after a prolonged lull, particularly in sectors related to artificial intelligence. Recent successful debuts, such as that of AI chipmaker Cerebras, which saw a 68% increase in its market cap upon listing, have further fueled investor enthusiasm. Other AI firms, including OpenAI and Anthropic, are also considering IPOs this year, which could elevate their valuations significantly. As the financial landscape evolves, the upcoming IPOs from SpaceX and other tech companies are poised to attract considerable attention from investors.