SpaceX, Elon Musk’s rocket and satellite company, has filed confidentially for an initial public offering (IPO) aiming to raise $50 billion to $75 billion. The move sets the stage for one of the largest offerings ever, valuing the company at over $1 trillion.
Musk plans to use the funds to finance long-term goals such as launching artificial intelligence data centers into orbit and creating a colony on the moon. He aims to make humans a multiplanetary species, ensuring life thrives if Earth faces a disaster.
SpaceX has grown significantly since its founding in 2002, becoming one of the leading space companies with a popular satellite internet service called Starlink. The company’s customers include governments, the military, and other organizations.
The IPO would be a significant event for SpaceX’s executives, employees, and investors, who have supported Musk’s ambitious goals over two decades. If successful, it could make Musk the world’s first trillionaire.
Bankers expect at least $15 billion to $20 billion in cash reserves, while Musk aims to raise funds for projects like data centers in space and a chip manufacturing plant. The IPO will require Musk to disclose more information about SpaceX to investors and fulfill promises about the company’s future.
Source: https://www.nytimes.com/2026/04/01/technology/spacex-ipo-elon-musk.html