Elon Musk’s SpaceX is reportedly preparing to file for an initial public offering as soon as next month with a staggering $1.75 trillion valuation. According to sources, the filing could be confidential, allowing for regulatory feedback. The joint IPO with Musk’s artificial intelligence company, xAI, aims to fund ambitious projects including orbital AI data centers, a lunar base, and rapid development of the Starship rocket. The potential offering could raise up to $50 billion, surpassing the record set by Saudi Aramco. A company memo indicated a possible IPO in 2026 to support an “insane flight rate.”
SpaceX is reportedly planning a confidential IPO filing as soon as next month. According to people familiar with the deal, the valuation could reach $1.75 trillion.
The joint public offering would also involve Musk’s artificial intelligence venture, xAI. This transaction would be the largest tie-up within Musk’s extensive business portfolio.
Sources cited in the report state the listing could raise as much as $50 billion. That figure would exceed the current record held by Saudi Aramco’s $29 billion debut in 2019.
A company memo indicated preparations are underway for a possible IPO in 2026. The stated goal is to fund an “insane flight rate” for Starship, space-based AI data centers, and a moon base.
Last year, SpaceX opened a secondary share sale at an $800 billion valuation. xAI was valued at approximately $230 billion in a funding round earlier this year.
In a statement last month, Musk framed the merger as a cost-effective path for AI compute. “My estimate is that within 2 to 3 years, the lowest cost way to generate AI compute will be in space,” he said.
Musk added that current terrestrial AI data centers demand immense power and cooling. “In the long term, space-based AI is obviously the only way to scale,” he stated.
The joint IPO aims to provide fresh momentum for launching data centers into orbit. Musk is competing in the AI race against giants like Google, Meta, and OpenAI.
SpaceX has not officially confirmed the reported March IPO timeline. The information remains based on sources familiar with the preparations.
