SpaceX is reportedly preparing for a massive joint public offering with xAI, targeting up to $75 billion in funding before its IPO. Sources indicate the filing could happen later this week, with a market debut aimed for June 2026 and a potential valuation exceeding $1.75 trillion. The funds are intended to accelerate Starship development, build AI data centers in space, and establish a lunar base.
SpaceX is targeting a pre-IPO fundraising round of up to $75 billion, which would be the largest ever debut according to sources. Individual investor allocation could exceed 20%, though the final structure remains undetermined.
The IPO filing could occur as soon as later this week, per reports, with a target stock market debut in June 2026. “The IPO would be aimed at funding an ‘insane flight rate’ for its developmental Starship rocket, artificial intelligence data centers in space, and a base on the moon,” per Elon Musk.
SpaceX is jointly filing with another Musk-founded company, xAI. This transaction marks the largest tie-up in Musk’s business portfolio and combines two privately valuable firms.
The joint filing is intended to give fresh momentum to SpaceX’s effort to launch data centers into orbit. This move comes as Musk competes in the AI race against giants like Google, Meta, and OpenAI.
Preparations for a confidential filing are ongoing, and SpaceX could still alter its plans. A company representative did not immediately respond to a request for comment.
In the IPO, SpaceX could seek a valuation exceeding $1.75 trillion, people familiar with the matter have said. At that value, it would rank among the world’s largest companies.
A $1.75 trillion market cap would place SpaceX ahead of Meta Platforms Inc. and Tesla Inc.. It would be larger than all but five companies in the S&P 500 Index.
