SpaceX Targets $75 Billion IPO, Aiming for $2 Trillion Valuation

Context Wall Street indexes are near all‑time highs, with the S&P 500 (^GSPC) up 0.96% and the Nasdaq Composite (^IXIC) up 1.11% today.

Tesla (TSLA) holds a market cap of about $820 billion, gaining 1.8% in the session, while Lockheed Martin (LMT) sits at $115 billion, down 0.4%, and Boeing (BA) at $130 billion, up 0.2%.

Analysts note that AI developers such as OpenAI and Anthropic are eyeing $1 trillion valuations for potential listings later this year. SpaceX’s own valuation is projected between $1.75 trillion and $2 trillion, driven by its combined rocket, Starlink, xAI and X businesses.

Key Facts - SpaceX submitted a confidential IPO registration to the SEC on April 1, 2026. - The company plans to raise $75 billion, exceeding the $29.4 billion raised by Saudi Aramco in its 2019 IPO by more than double. - The public S‑1 filing is slated for the week of May 18‑22, satisfying the SEC’s 15‑day pre‑roadshow requirement ahead of a June 8 investor roadshow.

What It Means A $75 billion raise would rank SpaceX’s IPO among the largest ever, providing substantial capital for expanding Starlink satellite constellations, advancing Starship development, and scaling AI operations across xAI and X.

Institutional investors will scrutinize the S‑1 for revenue breakdowns, cash‑flow statements, and risk factors tied to capital‑intensive launch schedules and regulatory approvals.

The offering could shift capital allocation toward space‑infrastructure assets and influence valuations of peers such as Rocket Lab (RKLB) and Virgin Galactic (SPCE).

What to Watch Next Investors should monitor the official S‑1 release for pricing indications, the roadshow feedback in early June, and the eventual pricing and debut date, which will signal market appetite for the largest private‑to‑public transition in history.