Just now, the biggest IPO in history has arrived!
According to Bloomberg’s latest report, SpaceX has secretly filed for its initial public offering—
The offering could raise up to $75 billion and the company’s total valuation could exceed $1.75 trillion.
This would break Saudi Aramco’s 2019 IPO financing record of $29.4 billion.
What does this mean exactly?
On the U.S. market, SpaceX would rank sixth globally behind Nvidia, Apple, Microsoft, Google, and Amazon.
It would also surpass Meta and Musk’s own Tesla.
The tech market is truly booming—
Just yesterday, OpenAI closed a historic $122 billion funding round, fueling IPO ambitions.
And the next day, Musk unveiled SpaceX’s IPO as a game-changer.
The speed is fitting for a rocket maker!
The historic IPO would reflect SpaceX’s value surge that truly took off.
Last July, SpaceX was valued at around $400 billion.
Yet in less than a year, the market cap rose fourfold to $1.75 trillion, driven by Starlink profitability and IPO buzz.
Moreover, SpaceX’s deep tie-in with xAI has boosted it into AI infrastructure territory.
This reshapes Wall Street’s valuation logic, with AI compute power commanding unusually high premiums, far beyond traditional aerospace peers.
Of course, these factors alone can’t fully justify such a lofty valuation. Musk’s star power is the core accelerant that’s amplified by market faith—the hallmark of Wall Street storytelling.
This isn’t mere hype; it’s a pricing factor the market has repeatedly validated. Tesla is the prime example, where a once-loss-making company grew into a multitrillion-dollar automaker over a decade.
Those who backed Tesla then prospered; shorts suffered.
This also lends confidence in Musk’s next IPO.
In fact, SpaceX’s valuation could go higher as profits keep validating it, but Musk isn’t waiting—
one reason is cash flow to support SpaceX’s R&D, another is that other tech giants are eyeing IPOs this year…
One More Thing—this year is the biggest window for U.S. listings:
Besides SpaceX, OpenAI and Anthropic also plan IPOs this year.
Internal sources say OpenAI aims for Q4, having just completed a new funding round.
Anthropic, OpenAI’s fiercest rival, is moving faster and already preparing; rumors say it could list as soon as October to lock in secondary-market funds before OpenAI.
All three are accelerating IPOs; whoever hits the market first will gain the best long-term positions.
Clearly, Musk doesn’t want to wait in line at all.
Launching the IPO now is about seizing the premium before OpenAI and Anthropic.