SpaceX Just Filed for an IPO That Would Break the World Record
SpaceX just did something huge. Quietly.
On April 1, the company filed confidential paperwork with the SEC. The goal? A $1.75 trillion valuation and a raise of up to $75 billion.
If that happens, it won’t just be a big IPO. It will be the biggest in history. By a lot.
Let’s put that number in perspective
The current record holder is Saudi Aramco. It raised $29 billion in 2019. Alibaba holds the US record for a tech IPO: $22 billion.
SpaceX is trying to raise $75 billion. That’s more than double Aramco. Triple Alibaba.
The company wants to list on Nasdaq in June. The internal code name for the project is “Project Apex.” Very on brand.
What makes SpaceX worth that much?
Two main things.
First, Starlink. The satellite internet business ended 2025 with 9.2 million customers and roughly $16 billion in revenue. By the end of 2026, they expect $22 billion.
Second, SpaceX merged with Elon Musk’s AI company, xAI, back in February. That deal folded in the Grok chatbot and the social network X. At the time, Musk valued the combined company at $1.25 trillion.
So the $1.75 trillion ask is a step up from there.
Who’s running the show?
Twenty-one banks are lined up. The big names—Bank of America, Citi, Goldman, JPMorgan, and Morgan Stanley—are the senior bookrunners.
SpaceX is also planning a dual-class share structure. That means insiders keep control even after the company goes public. And here’s something unusual: they want to give up to 30% of shares to regular retail investors. That’s about three times more than normal.
Where would SpaceX rank?
At $1.75 trillion, SpaceX would be bigger than every single company in the S&P 500 except Nvidia, Apple, Alphabet, Microsoft, and Amazon. That’s it.
What this means for Elon Musk
Musk owns about 44% of SpaceX. His current net worth is around $823 billion, according to Forbes.
If this IPO hits the target, he would become the first person in history worth more than $1 trillion. He would also be the first person to run two separate trillion-dollar public companies at the same time. (Tesla is currently about $1.4 trillion.)
The bigger picture
OpenAI and Anthropic are both reportedly looking at IPOs later this year. If all three move forward, 2026 could look a lot like the dot-com era—but with bigger numbers.
One last thing: Scammers have used SpaceX’s name for years to run crypto cons. But this IPO is the real deal. And it arrives at a moment when Wall Street is hungry for exactly this kind of massive, headline-grabbing event.
