28
US based billionaire Elon Muskhas filledan IPO of his rocket and satellite manufacturing company SpaceX. He has filled confidentiallyon Wednesday,1st April 2026 foran initial public offering. Theinternal sources suggest that the IPO will set the stage for what could be one of the largest offerings ever.
The rocket manufacturing giant SpaceX values itself at more than$1 trillion and is likely to be the one of the valuable companies to reach the stock market, after Saudi Aramco owned by Royal family of KSA which debut on stock exchangein 2019 at valuation of$1.7 trillion. The oil giant raised more than$29 billion from its IPO.
SpaceX starts a new wave of IPO
The SpaceX listing could start a fresh wave of enormousIPOs with AI companies such as OpenAI and Anthropic which is also gearing up to list upon stock exchange. The expertsbelieve that the SpaceX listing would be a generationalmoneymaking event for Wall Street traders, the company’s workforce, and of course ElonMusk, who could become the first trillionaire after the launch of IPO.
Everything about SpaceX
Elon Musk founded SpaceX in 2002 with the goal of sending people toMars, and the company turned intothe world’s leading space companies.Since2002 Musk said that the ultimate mission of the company is to make humans a multiplanetary species, ensuring that life would thrive if something happened to Earth.
The company has launched several rockers into space andestablished a popular satellite internet service, Starlink. Thecustomers of the companyconsist of the federal government, the Ukrainianmilitary and many others.
According to Georgetown University’s center for Security and Emerging Technology, the company launches 5 out of every 6rockets in space inthe US.
In February 2026, Elon Musk merged the SpaceX with AI company,xAI after with SpaceX consists ofStarship, which is a self-landing rocket meant for Mars, Grok,xAI’s chatbot, and popularmicrobloging platform X (formerly known as Twitter).
How Musk will spend IPO money
The media reports and experts suggest that the company will use the money raised from the IPO into long-term goals of launching AI data centers into orbit, creating a colony on the moon, and sendinghumans into Mars.
As per a source, the companymay also use the money to fundxAI and its working capital as well as to buy up and expungebillions of dollars in debt that Twitter (now X) borrowed when Musk bought the social media platform back in 2022.
What is confidential filing
Confidential filing means thatthe financials of the company are notdisclosed until later. In June 2025, Musk posted on social media that he expected SpaceX’s revenueto reach$15.5 billion in 2025, with about$1.1 billion of that coming from NASA. Total revenue would be up from$7.4 billion in 2023, as per documents satellite internet service provider Starlink alone generated$8 billion in terms of sales in 2024.
Also Read: Financial Year 2026 Impact: What Becomes Cheaper And Costlier From April 1 | Full List Explained