SpaceX Files to Go Public, Setting Stage for Huge I.P.O.

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SpaceX Files to Go Public, Setting Stage for Huge I.P.O.

An initial public offering of Elon Musk’s rocket and satellite company would most likely be a generational wealth event and one of the largest offerings ever.

SpaceX’s Starship rocket in Cameron County, Texas, in 2024.

Credit...

Meridith Kohut for The New York Times

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SpaceX Files to Go Public, Setting Stage for Huge I.P.O.

An initial public offering of Elon Musk’s rocket and satellite company would most likely be a generational wealth event and one of the largest offerings ever.

SpaceX’s Starship rocket in Cameron County, Texas, in 2024.

Credit...

Meridith Kohut for The New York Times

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By

Ryan Mac

Lauren Hirsch

and

Maureen Farrell

Ryan Mac reported from Los Angeles and Lauren Hirsch and Maureen Farrell from New York.

April 1, 2026

Updated

1:41 p.m. ET

SpaceX

, Elon Musk’s rocket and satellite maker, filed confidentially on Wednesday for an initial public offering, according to two people familiar with the company, setting the stage for what could be one of the largest offerings ever.

The company had previously discussed moving forward with an offering around June, with Mr. Musk hoping to raise $50 billion or more from going public. SpaceX values itself at more than $1 trillion and would be one of the most valuable companies to reach the stock market, after

Saudi Aramco’s 2019 debut

valued the energy giant at $1.7 trillion. Aramco

ultimately

raised more than $29 billion from its offering.

A SpaceX offering could signal

a wave of enormous I.P.O.s

, with the artificial intelligence companies OpenAI and Anthropic also exploring the possibility of going public. SpaceX’s offering would be a generational moneymaking event for Wall Street, the company’s employees and, of course, Mr. Musk, who is already one of the world’s richest men and could become the first trillionaire.

Mr. Musk, 54, who also runs the electric carmaker Tesla and other companies, did not respond to a request for comment. A SpaceX spokesman did not respond to a request for comment. Bloomberg

earlier reported

the filing.

SpaceX, which Mr. Musk founded in 2002 with the goal of sending people to Mars, has grown into one of the world’s leading space companies. From the beginning, Mr. Musk has said SpaceX’s ultimate mission is to make humans a multiplanetary species, ensuring that life would thrive if something happened to Earth.

Since then, SpaceX has launched rockets into space and established a popular satellite internet service, Starlink. The company’s customers include the federal government, the Ukrainian military and many others. In the United States, SpaceX accounts for

five of every six launches into space

, according to Georgetown University’s Center for Security and Emerging Technology.

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