SpaceX could seek IPO valuation of over $1.75 trillion: Bloomberg

Elon Musk's SpaceX is aiming to file confidentially for an initial public offering that could value the rocket and satellite company at more than $1.75 trillion, Bloomberg News reported on Friday, citing people familiar with the matter.

The filing could come as soon as ‌March, Bloomberg ⁠said, in what ⁠would rank among the largest IPOs in history. Plans could still change and SpaceX could delay its listing.

Sources have told Reuters that an IPO was likely in June, and a confidential filing in March would fit that timeline.


Musk also expects to test launch a new version of SpaceX's next-generation Starship rocket in March, incorporating ⁠hundreds of upgrades, ‌following a months-long launch hiatus while the company worked to resolve engineering challenges.

SpaceX's past 11 test launches since 2023 ⁠have been high-profile events, sometimes attended by key figures with some resulting in total or partial failure.

SpaceX did not immediately respond to a Reuters request for comment on the Bloomberg report.

Investors are bracing for a bumper IPO year, with SpaceX, OpenAI and Anthropic among the highly valued tech firms preparing potential listings that could set records in 2026.

The Starbase, Texas-based company, ‌generated about $8 billion in profit on $15 billion to $16 billion of revenue last year, driven primarily by its Starlink satellite internet service, which accounts for between ⁠50% and 80% of total revenue, Reuters reported last month, citing individuals familiar with the company's financials.

Starlink is advancing new offerings, including a direct-to-device internet service, a

Starlink-branded phone, among other services, according to prior reporting.

The company earlier this year completed its acquisition of Musk's artificial-intelligence startup xAI in an all-stock deal, with the combined entity valued at $1.25 trillion, according to people familiar with the matter.