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Reports: SpaceX Files for Record U.S. IPO at About $1.75 Trillion Valuation

The move would test investor demand for a tiny float under proposed fast-entry index rules.

Overview

  • SpaceX, which reportedly filed a confidential IPO registration with the SEC on Wednesday, is preparing what could be the biggest stock listing ever.
  • Reports say the offering could raise $50–75 billion at an implied valuation near $1.75 trillion, with only a small portion of shares sold to the public.
  • Investor events are set, with an analyst day on April 21, a tour of xAI’s Memphis data center on April 23, and bank meetings on May 4 as a June window is discussed.
  • The business case leans on Starlink’s rapid growth—about 10 million subscribers and roughly 10,000 satellites—plus major U.S. government work and the recent fold‑in of xAI and X.
  • Nasdaq’s proposed fast-entry rule could push index funds to buy within 15 days while a float near 3% is reported, and experts also warn about pre‑IPO scam offers pitching SpaceX share access.