AUSTIN – Elon Musks SpaceX is targeting a valuation exceeding 2 trillion US dollars for its anticipated initial public offering, according to reports from sources familiar with the matter.
The ambitious target surpasses earlier speculation from midweek, which had placed the valuation above 1.75 trillion dollars. Bloomberg News reported the updated figure on Thursday, citing individuals close to the discussions. SpaceX has reportedly filed a draft registration statement with the US Securities and Exchange Commission, paving the way for what could become the largest IPO in history.
The IPO, potentially slated for June 2026, could raise between 50 and 75 billion dollars, eclipsing Saudi Aramcos 2019 record of 29.4 billion dollars. Major banks including Bank of America, Citigroup, Goldman Sachs, JPMorgan Chase and Morgan Stanley are expected to serve as lead underwriters.
This follows SpaceXs acquisition of Musks AI startup xAI earlier this year, which boosted the companys valuation to 1.25 trillion dollars. The move integrates AI capabilities into SpaceXs space and satellite operations, including Starlink.