Overview
- SpaceX, which submitted a draft IPO registration to the SEC on Wednesday, is on a path to list as soon as June, according to Bloomberg, CNBC and Reuters, and neither SpaceX nor the SEC has commented publicly.
- Reports say the offering could raise $50 billion to $75 billion at about a $1.75 trillion value, topping Saudi Aramco’s $29 billion record, and the confidential process means a public prospectus must appear at least 15 days before the roadshow.
- Coverage indicates SpaceX is weighing a dual‑class stock structure to keep insider voting control and could direct up to about 30% of shares to retail investors, which is far above typical IPO allocations.
- Roughly 21 banks are lined up to run the deal, with Morgan Stanley, Goldman Sachs, JPMorgan, Bank of America and Citigroup in lead roles, according to multiple reports.
- The filing follows SpaceX’s February merger with Elon Musk’s xAI, and proceeds are reportedly aimed at speeding Starship launches and building orbital AI data centers, alongside growth from Starlink, which Reuters says helped drive about $15–$16 billion in 2025 revenue and roughly $8 billion in profit.