Gate News reports that SpaceX has filed a confidential draft registration for an initial public offering (IPO) with the U.S. Securities and Exchange Commission (SEC), and is expected to go public as early as June this year. This submission will make SpaceX one of the three largest mega-IPOs of the year, ahead of OpenAI and Anthropic.
According to Bloomberg, the fundraising amount for SpaceX’s IPO could reach up to $75 billion, with a target valuation exceeding $1.75 trillion, potentially surpassing Saudi Aramco’s 2019 IPO record of $29 billion by more than two times. Insiders say the company has hired U.S. Bank, Citigroup, Goldman Sachs, JPMorgan Chase, and Morgan Stanley as senior advisors to assist with the IPO process.
SpaceX is considering adopting a dual-class share structure, which would grant internal shareholders such as Elon Musk greater voting rights, allowing the company to maintain control over its strategic direction after going public. The confidential IPO filing enables the company to receive feedback from the SEC and make adjustments before officially disclosing information, ensuring the accuracy of the listing documents.
Despite the promising prospects, the listing plan faces uncertainties. Escalating tensions between the U.S. and Iran, along with rising oil prices, have led to market volatility, and investors should pay attention to the potential impact of global macroeconomic conditions on technology stocks and risk assets. Analysts note that SpaceX’s IPO could not only set new records for fundraising but also establish a benchmark effect for high-tech investments and capital markets.
If the IPO proceeds smoothly, it will further highlight SpaceX’s market value in the aerospace and satellite internet sectors, and may also attract the attention of investors in risk assets such as Bitcoin and Ethereum, especially amid ongoing global capital flows and the rising enthusiasm for high-tech company investments.