According to people familiar with the matter, SpaceX is considering submitting IPO documents confidentially as early as March. The rocket and satellite company founded by billionaire Elon Musk is pushing ahead with its biggest ever public offering.
Texas-based SpaceX is expected to submit a draft IPO registration to the U.S. Securities and Exchange Commission in March, people familiar with the matter said. The move would put it on track to go public in June and could become the first of three potential mega-IPOs, with OpenAI and Anthropic PBC likely to follow.
People familiar with the matter said that relevant considerations are still ongoing, details may change, and SpaceX may still delay submitting documents.
SpaceX could seek a valuation of more than $1.75 trillion in an IPO, said the people, who asked not to be identified discussing private information. According to previous reports, SpaceX acquired Musk’s artificial intelligence startup xAI in February, valuing the combined entity at US$1.25 trillion.
Under the confidential submission process, companies can receive feedback from regulators and make changes before the information is made public.
A SpaceX spokesman did not immediately respond to a request for comment.