Key Highlights
- SpaceX aims to submit confidential IPO paperwork to the SEC by March 2026
- The aerospace company targets a public market debut in June with valuations exceeding $1.75 trillion
- The capital raise could reach $50 billion, potentially setting a new record for largest-ever IPO
- Recent merger with Elon Musk’s xAI introduces complexity to financial projections
- Fellow AI giants OpenAI and Anthropic are also preparing for 2026 public offerings with valuations of $750B–$830B and approximately $350B
Elon Musk’s aerospace venture SpaceX is gearing up to submit confidential IPO paperwork to the U.S. Securities and Exchange Commission beginning in March 2026, Bloomberg has reported.
The confidential submission would position the company for a public market debut by June 2026. Industry insiders indicate SpaceX is pursuing a valuation surpassing $1.75 trillion.
Should SpaceX achieve this valuation target, it would immediately join the elite group of the world’s most valuable publicly traded companies. This would place it alongside tech giants like Apple, Microsoft, Alphabet, Amazon, and Nvidia.
The public offering aims to generate up to $50 billion in capital, a figure that would shatter all previous IPO records. No company in financial history has successfully raised such an enormous sum through an initial public offering.
Headquartered in Starbase, Texas, SpaceX manages the Falcon 9 launch system and oversees Starlink, its satellite-based internet service that currently connects millions of subscribers worldwide.
The aerospace manufacturer accounts for over half of all orbital launches globally. Its groundbreaking reusable rocket technology dramatically reduced the financial barriers to space access.
Industry analysts estimate SpaceX’s Ebitda profit margins could reach 50%. By contrast, traditional aerospace firms in the S&P 500 typically generate Ebitda margins around 20%.
Company leadership previously disclosed that Starlink achieved profitability during 2024, despite serving only half its current subscriber base. The launch division is similarly expected to maintain strong profitability due to its favorable cost structure.
The xAI Integration Challenge
SpaceX has recently completed a merger with Musk’s artificial intelligence venture xAI. This combination integrates SpaceX’s space infrastructure with xAI’s computational AI operations.
xAI currently appears unprofitable and competes in an intensely competitive sector requiring substantial capital investment. This integration complicates efforts to evaluate SpaceX’s consolidated financial health before going public.
Projections suggest SpaceX might achieve up to $10 billion in Ebitda during 2026, though these estimates remain uncertain given xAI’s financial performance within the merged organization.
Confidential filing procedures allow companies to address regulatory requirements with the SEC privately before releasing financial data publicly. Regulatory rules require a minimum 15-day waiting period between public disclosure and launching the IPO roadshow.
Additional Major Tech IPOs on the Horizon
SpaceX could inaugurate a trio of significant technology IPOs planned for 2026. OpenAI is reportedly pursuing valuations ranging from $750 billion to $830 billion.
Anthropie, focused on AI safety initiatives, may pursue approximately $10 billion in funding at valuations approaching $350 billion. Both organizations are monitoring SpaceX’s IPO timeline with keen interest.
SpaceX has not issued official statements regarding IPO filing intentions. All reported details remain preliminary and the company retains the option to postpone its filing schedule.
Get 3 Free Stock Ebooks
Discover top-performing stocks in AI, Crypto, and Technology with expert analysis.
- Top 10 AI Stocks - Leading AI companies
- Top 10 Crypto Stocks - Blockchain leaders
- Top 10 Tech Stocks - Tech giants
