SpaceX Aims to File IPO Prospectus This Week, Could Raise $75 Billion

Q: What SpaceX Actually Does

SpaceX operates across three major business lines: Launch services: The company conducts dozens of orbital launches annually with its Falcon 9 and Falcon Heavy rockets, dominating the commercial launch market. Starlink: The satellite broadband constellation has grown to thousands of satellites providing internet service worldwide, particularly in rural and underserved areas. This is the revenue growth engine driving the IPO. Starship: The next-generation heavy-lift rocket designed for Mars missions and deep space exploration — the moonshot that captures imaginations but isn’t yet generating revenue.

By Jaspal March 25, 2026 Updated: March 25, 2026

SpaceX is preparing to file its IPO prospectus with regulators as early as this week, according to The Information. If it proceeds as planned, the offering could raise more than $75 billion — dwarfing Saudi Aramco’s $29.4 billion listing in 2019 to become the largest IPO in history.

The company is expected to be marketed at a valuation exceeding $1.75 trillion, which would make it one of the most valuable publicly traded companies on Earth from day one.

Why Now?

SpaceX has long been the most anticipated IPO in tech. Elon Musk had previously resisted taking the company public, preferring the flexibility of private ownership. But with Starlink emerging as a massive revenue engine and dozens of orbital launches annually far outpacing competitors, the business case for going public has become overwhelming.

Revenue projections for 2025 approached $15 billion, with Starlink — the satellite internet constellation now spanning thousands of satellites — serving as the primary growth driver. A March filing would keep SpaceX on track for a possible June debut on a major U.S. exchange.

The Numbers Are Staggering

To put the $75 billion raise in perspective: the previous record was Aramco at $29.4 billion. OpenAI recently raised over $120 billion privately, but an IPO is a fundamentally different beast — it requires opening the books to public scrutiny and selling shares to retail investors.

At a $1.75 trillion valuation, SpaceX would immediately rank among the top 10 most valuable companies globally, ahead of names like Berkshire Hathaway and alongside Meta and Amazon.

What SpaceX Actually Does

SpaceX operates across three major business lines:

Launch services: The company conducts dozens of orbital launches annually with its Falcon 9 and Falcon Heavy rockets, dominating the commercial launch market.

Starlink: The satellite broadband constellation has grown to thousands of satellites providing internet service worldwide, particularly in rural and underserved areas. This is the revenue growth engine driving the IPO.

Starship: The next-generation heavy-lift rocket designed for Mars missions and deep space exploration — the moonshot that captures imaginations but isn’t yet generating revenue.

The Bottom Line

A $75 billion IPO at a $1.75 trillion valuation would be one of the most consequential market events in years. It would give retail investors access to the most dominant space company in history for the first time, and potentially shift billions away from other tech stocks — particularly Tesla, where many SpaceX-interested investors currently park their money. The question isn’t whether SpaceX will be a blockbuster IPO. It’s whether the market can absorb a $75 billion offering without something else breaking.