The global wealth ceiling is rising toward $1 trillion, and Elon Musk is now closest to reaching that level. SpaceX has taken steps toward a stock market debut that could value the company at up to around $1.75 trillion.
Reports indicate the company filed confidentially, with a potential listing targeted as early as June. The move brings one of the world’s most valuable private companies closer to public markets.
SpaceX, founded in 2002, has grown into a dominant force in both rocket launches and satellite communications. It now accounts for the majority of U.S. orbital launches and operates Starlink, the world’s largest satellite internet network. Starlink alone generated about $8 billion in revenue in 2024, reflecting its scale within the broader business.
The planned listing follows SpaceX’s merger with xAI, bringing artificial intelligence, satellite infrastructure, and social platforms under one structure. This includes Starship rockets, Starlink satellites, the Grok chatbot, and the X platform. As a result, analysts now evaluate SpaceX within a broader technology ecosystem tied to data, connectivity, and AI.
“Investors could use a sum-of-the-parts analysis, but, like with Tesla, SpaceX’s valuation could very much fluctuate wildly based on how much the public believes in Musk’s vision,” Angelo Bochanis, on how investor sentiment may influence how the company is priced.
The company is expected to raise as much as $50 billion to $75 billion from the offering. This would surpass Saudi Aramco’s 2019 listing, which raised about $29 billion. The scale places SpaceX’s potential debut among the largest offerings ever attempted in global markets.
SpaceX continues to outline long-term projects, including orbital data centers and missions to the Moon and Mars. These projects are described as capital-intensive and expected to require billions of dollars over time. Reports also indicate that part of the funds raised may support xAI, working capital needs, and existing debt linked to X.
