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

Synopsis Elon Musk’s SpaceX plans a confidential initial public offering that could value the rocket and satellite firm above $1.75 trillion, Bloomberg reported. The filing may come in March, though timing could change. The report said a June IPO is likely, matching that schedule. 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. Elevate your knowledge and leadership skills at a cost cheaper than your daily tea. Subscribe Now