IPO Move by SpaceX Sets Stage for Musk to Become World’s 1st Trillionaire
SpaceX became the most valuable privately held company in the world after its merger with Musk’s other venture, the AI firm xAI.
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Image Credit- Diksha Mishra/ MIT Sloan Management Review Middle East
Elon Musk’s space exploration company, SpaceX, has taken its first steps toward going public by filing confidentially for an IPO that could come as early as June or July. The move is expected to bankroll the company’s most capital-intensive ambitions, from advancing Starship to laying the groundwork for a Mars colony and scaling satellite-powered AI infrastructure.
With their space and satellite businesses on investors’ radars for years, the listing is expected to raise as much as $75 billion.
“Investors could use a sum-of-the-parts analysis, but, like with Tesla, SpaceX’s valuation could very much fluctuate wildly based on how much the public believes in Musk’s vision,” Angelo Bochanis, a data and index associate at Renaissance Capital, told Reuters, further noting that investors are eager for “any sort of exposure to SpaceX.”
SpaceX emerged as the most valuable privately owned company globally following its merger with Musk’s other venture, xAI. By the end of 2025, its valuation was approximately $800 billion. The IPO filing indicates Musk is on track to become the world’s first trillionaire.
In 2025, he doubled down on his goal of sending an uncrewed mission to Mars by the end of 2026, but acknowledged there was a 50-50 chance of success. Meanwhile, they have made promising strides in their satellite communications business, becoming the world’s largest satellite communications company.
Research firm PitchBook estimates that the offering could raise SpaceX’s valuation to nearly $1.5 trillion, almost double its December valuation.
With a potential $75 billion IPO, SpaceX is on the path to surpassing the largest IPO in history—the oil giant Saudi Aramco’s 2019 listing of $25.6 billion.
Musk’s IPO filing news comes as the Artemis II crew of four embarks on a 10-day mission— the first crewed journey to the vicinity of the Moon in over 50 years.
