SpaceX filed confidentially for an initial public offering on Wednesday. Reports of the filing by the Elon Musk-led company emerged on April 4, 2026. The aerospace firm is targeting a valuation as high as $2 trillion.
This IPO could raise up to $75 billion for the company. A raise of this size would surpass Saudi Aramco as the largest offering in history. The move aligns with other major expected listings from AI firms OpenAI and Anthropic.
SpaceX generated between $15 billion and $16 billion in revenue during 2025. The company reported an EBITDA of approximately $8 billion for the same year. Starlink satellite internet services served as the primary driver for these financial results.
The $2 trillion target represents a significant increase in market value. Investors previously valued the company at $350 billion during a secondary sale in December 2024.