Elon Musk’s aerospace company SpaceX is reportedly preparing to file confidentially for an initial public offering that could value the business at more than $1.75 trillion, according to sources familiar with the matter. If completed, this move would place SpaceX among the most valuable companies ever to approach public markets.
The company could submit the confidential filing as early as March, and if the process continues as expected, the listing may follow by June. However, plans remain flexible, and SpaceX could still adjust its timeline depending on market conditions and internal priorities. Nevertheless, a March filing would align closely with expectations previously shared by people familiar with the company’s strategy.
At the same time, SpaceX is preparing for another major milestone in its launch program. Musk expects the company to conduct a test flight of an upgraded version of its next-generation Starship rocket in March. Notably, this version incorporates hundreds of design and engineering improvements developed during a months-long pause in launches, as engineers worked to address technical challenges.
Since 2023, SpaceX has conducted 11 Starship test launches, and these events have consistently drawn global attention. In several cases, high-profile figures attended the launches, while some tests resulted in partial or complete failures. Even so, the company has continued to treat each launch as a critical learning opportunity, using real-world data to refine its systems.
Meanwhile, SpaceX has not issued an official response to inquiries regarding its IPO plans. However, people familiar with the matter have indicated to Reuters that the company has been steadily preparing for a public-market debut, with a mid-year listing increasingly viewed as realistic.
SpaceX appears to be advancing on two major fronts simultaneously. On one hand, the company is laying the groundwork for a potentially historic IPO that could reshape global capital markets. On the other hand, it is accelerating the development of Starship, a vehicle central to its long-term vision for space exploration. Together, these moves signal SpaceX’s intent to scale both its technological ambitions and its financial footprint in the months ahead.
