Overview
- SpaceX has submitted a confidential draft registration to the U.S. Securities and Exchange Commission as the first step toward an IPO, according to multiple media reports.
- The company has told potential investors to expect meetings this month, with a June stock-market debut described in the reporting as the goal rather than a set date.
- Media place the target valuation near $1.75 trillion and the fundraising near $75 billion, which would top Saudi Aramco’s 2019 record for money raised in an IPO.
- Reports say SpaceX is weighing dual-class shares that give some stock extra votes to keep Elon Musk in control, with roughly 30% of the sale reserved for individual investors.
- Coverage links the push to competition with OpenAI and Anthropic and notes SpaceX’s scale, citing more than 9,000 Starlink satellites, a high launch cadence, and Bloomberg-based revenue and profit estimates.