Svmuu News SpaceX has raised its IPO target valuation to over $2 trillion, as the company prepares to pitch what could be the largest IPO in history to potential investors.
SpaceX's valuation is set to increase by nearly two-thirds within months. In February of this year, following SpaceX's acquisition of Elon Musk's xAI, the combined entity was valued at $1.25 trillion. If it goes public with a valuation exceeding $2 trillion, SpaceX's market capitalization would surpass that of all companies in the S&P 500 except for Nvidia, Apple, Alphabet, Microsoft, and Amazon, and would also exceed Meta and Tesla.
SpaceX has confidentially filed for an IPO, with a listing potentially happening as early as June. The company is expected to raise up to $75 billion, far exceeding the previous record for the largest IPO—Saudi Aramco's $29 billion offering in 2019. The raised funds will be used for projects including space-based AI data centers and lunar factories.
SpaceX has selected Bank of America, Citigroup, Goldman Sachs, JPMorgan Chase, and Morgan Stanley as the lead underwriters for the IPO. The company plans to hold a bank syndicate conference call next Monday, with analyst briefings scheduled for later in April. Bloomberg Intelligence analysts noted that SpaceX's revenue for 2026 is approaching $20 billion, with its launch business and Starlink contributing the majority of the income.