SpaceX IPO Could Raise Up to $80 Billion as Musk Keeps Financials Under Wraps

Elon Musk-led aerospace manufacturing company SpaceX is one step closer to advancing towards what could be the largest initial public offering of all time. The brand has confidentially filed the IPO paperwork with the Securities and Exchange Commission. The IPO can help SpaceX raise between $40 billion and $80 billion, as per a Wall Street Journal report.

The filing puts the company on track to be able to list shares by July. The SpaceX IPO would be the first of the three mega-IPOs that would go in 2026. Artificial intelligence companies like OpenAI and Anthropic are both waiting in queues to release potential offerings before the year ends.

SpaceX had filed its paperwork confidentially, as is customary these days. Prospective investors will have to wait until closer to the IPO to see the financial health of the company.

SpaceX’s selected pool of banks to lead the offering

SpaceX has selected five banks to lead the offering: Bank of America, Citigroup, Goldman Sachs, JPMorgan Chase, and Morgan Stanley. Reports suggest that several other banks are set to have supporting roles in the IPO. If the offering goes as planned, these banks would reap the benefits of millions of dollars in fees.

SpaceX formed a union with xAI in February to create a $1.25 trillion juggernaut in the biggest corporate tie-up by value in US history. This partnership has helped Musk beef up xAI to compete against the likes of OpenAI and Anthropic. While the tech giant is inching towards the IPO, its costs, earnings, and balance sheets have been under cover for years. Only two investors have been able to forge close relationships with SpaceX leadership.

Reports suggest that xAI, the AI arm of the union, is at a much more nascent stage and needs a significant amount of cash. While Musk has kept the financial status well knit, once public, the combined operations of the company will be up for review.

Data centers in space

SpaceX executives spent years stating that the company would not go public until its rockets reached Mars. But it changed its course recently and raced to a stock listing last year as part of a bet by Musk that established that the next frontier of AI dominance would be to construct data centers in space an endeavor that can be wholly supported by the IPO.