- SpaceX may file confidentially for a record-breaking IPO
- Valuation could exceed $1.75 trillion, among the largest ever
- Strong profits and xAI merger boost investor anticipation
Elon Musk’s SpaceX is reportedly preparing a confidential filing for an initial public offering that could value the company at more than $1.75 trillion. If that number holds, it would place SpaceX among the largest IPOs in history, instantly reshaping global equity markets. According to reports, the filing could come as soon as March, though plans remain fluid and subject to change.
A confidential filing would align with earlier indications that an IPO could land around mid-year. Investors have been watching closely, especially as 2026 shapes up to be a potentially explosive year for tech listings. SpaceX is widely viewed as the crown jewel of private aerospace, and a public debut would mark a major milestone for Musk’s business empire.
Strong Financials Strengthen the Case
Financially, SpaceX appears well positioned for a public listing. The company reportedly generated around $8 billion in profit on revenue between $15 billion and $16 billion last year. Those figures suggest a highly profitable operation, not just a visionary space venture burning capital.
The valuation narrative is further amplified by SpaceX’s earlier all-stock acquisition of Musk’s artificial intelligence startup, xAI. The combined entity was reportedly valued at approximately $1.25 trillion at the time of the deal. A public listing north of $1.75 trillion would reflect not only rocket launches and satellite services, but also the growing influence of AI integration within Musk’s broader ecosystem.
A Blockbuster IPO Year Ahead?
Investors are already bracing for what could be a blockbuster IPO cycle. Alongside SpaceX, other highly valued firms such as OpenAI and Anthropic are rumored to be preparing potential listings. If even a portion of those companies hit the public markets, 2026 could rival or surpass previous record-setting IPO years.
Market appetite will matter, of course. High valuations require stable capital markets, supportive interest rate conditions, and strong institutional demand. But given SpaceX’s dominance in satellite deployment, commercial spaceflight, and government contracts, enthusiasm appears robust.
Starship and Strategic Timing
Adding to the momentum, Musk expects to test-launch an upgraded version of the next-generation Starship rocket in March. The new iteration reportedly includes hundreds of improvements following a lengthy engineering pause. A successful launch window alongside IPO filing headlines would create powerful optics for investors.
Still, nothing is final. Confidential filings allow companies to adjust timelines without public scrutiny. SpaceX could delay if market conditions shift. But if the listing proceeds as rumored, it would not just be another IPO, it would be a defining event for tech markets in the coming decade.
