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SpaceX Said to File Confidentially for IPO Before AI Rivals

Bloomberg Technology
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SpaceX has confidentially filed for an IPO with the SEC, sources say, positioning Elon Musk’s company for the largest public listing in history. The draft submission remains undisclosed as the process begins under regulatory review. The potential valuation could exceed $1.75 trillion, per insiders, dwarfing previous IPOs. This follows SpaceX’s acquisition of Musk’s xAI, which boosted the combined entity’s valuation to $1.25 trillion pre-IPO. The move integrates SpaceX’s aerospace and satellite dominance with xAI’s advanced AI capabilities, creating a tech-powerhouse hybrid. The IPO would fund expansion in both sectors amid rising AI competition. No official comment was provided by SpaceX, but the confidential filing suggests a strategic push to capitalize on market momentum before rivals like Neuralink or Blue Origin go public. Analysts note the IPO timing aligns with Musk’s pattern of leveraging high-growth sectors—space, AI, and defense—while maintaining control through pre-IPO restructuring. Market reaction is highly anticipated.
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SpaceX has filed confidentially for an initial public offering, according to people familiar with the matter, bringing billionaire Elon Musk’s rocket, satellite and AI company closer to delivering the biggest-ever listing. The company submitted its draft IPO registration to the US Securities and Exchange Commission, the people said, asking not to be identified as the information isn’t public. A representative for SpaceX didn’t immediately respond to a request for comment. SpaceX could seek a valuation in the IPO of more than $1.75T, people familiar with the matter have said. The company acquired Musk’s artificial intelligence startup xAI in a deal that valued the enlarged entity at $1.25T. Bloomberg US Equity Capital Markets Reporter Anthony Hughes joins Paul Sweeney and Scarlet Fu on Bloomberg Intelligence to discuss. (Source: Bloomberg)

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Source: Bloomberg Technology

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