Elon Musk's SpaceX plans to secretly file for an IPO as early as March! Valuation targets $1.75 trillion, surpassing Meta and Tesla

Sources reveal that Elon Musk’s space exploration company SpaceX is considering submitting a confidential IPO application to the U.S. SEC as early as March. The valuation could exceed $1.75 trillion, making it the largest IPO in history, with fundraising potentially reaching $50 billion.
(Background: Tesla officially cancels the FSD “buyout system,” leaving only a monthly fee of $99, as Musk’s $1 trillion salary aims to reach tens of millions of subscribers)
(Additional background: Musk’s new big project “Lunar Base Alpha”: building an AI superfactory on the Moon and launching it into the solar system with giant catapults)

According to Bloomberg, citing insiders, SpaceX is considering submitting a confidential IPO draft to the SEC as early as March. If approved smoothly, SpaceX could go public as soon as June.

The report indicates that SpaceX may seek a valuation of over $1.75 trillion in this IPO, with a fundraising cap of $50 billion. If successful, this would surpass Saudi Aramco’s record of $29 billion in 2019, becoming the largest IPO in human history.

Using Taiwan’s unique measurement units, this could provide over 3,000 years’ worth of school lunches for all Taiwanese students.

Valuation surpasses Meta and Tesla, approaching the top five U.S. stock giants

With a valuation of $1.75 trillion, SpaceX’s market cap after going public would rank just behind the five giants in the S&P 500: Nvidia, Apple, Alphabet, Microsoft, and Amazon, surpassing Meta and Musk’s own Tesla.

This valuation has jumped significantly from previous private market discussions. After acquiring Musk’s AI startup xAI in February, SpaceX’s combined valuation was about $1.25 trillion, and the latest IPO valuation target has increased by approximately $500 billion on this basis.

Dual-class share structure

SpaceX has hired Bank of America, Goldman Sachs, JPMorgan Chase, and Morgan Stanley as lead underwriters.

Additionally, SpaceX is considering adopting a dual-class share structure, giving insiders, including Musk, greater voting control. This structure is common among tech companies; Google, Meta, and Snap have similar arrangements.