Catenaa, Wednesday, March 25, 2026- SpaceX is considering a ballpark figure of about $75 billion in its initial public offering, as billionaire Elon Musk’s rocket and satellite maker moves forward with listing plans.
SpaceX has discussed with potential investors the prospect of raising more than $70 billion, Bloomberg News reported.
Either figure would be far above the $50 billion target Bloomberg News has previously reported, and more than double the largest ever IPO, Saudi Aramco’s $29 billion listing in 2019.
SpaceX continues to seek a market debut in June, though the timing could still shift, some of the people said. The company could file its IPO paperwork confidentially as soon as this month, Bloomberg News reported in February.
Preparations for a confidential filing are ongoing, and SpaceX could still decide to change the plan, the report said.
SpaceX could seek a valuation in the IPO of more than $1.75 trillion, the report added.
SpaceX acquired Musk’s artificial intelligence startup xAI in a deal that valued the enlarged entity at $1.25 trillion, Bloomberg News has reported.
At a $1.75 trillion market value, SpaceX would be bigger than all but five of the companies in the S&P 500 Index: Nvidia, Apple, Alphabet, Microsoft, and Amazon.
It would be larger by that metric than Meta Platforms, as well as Musk’s own Tesla.
Meanwhile, Reuters reported that Entrepreneur Tejpaul Bhatia is confident he owns a slice of Elon Musk’s SpaceX. But he can’t be 100% sure.
When the former Google executive entered the space industry in 2021, SpaceX was already one of the world’s most sought‑after private companies, valued at about $75 billion, with shares largely locked up by early backers and institutions close to Musk.
Bhatia couldn’t buy shares directly, so he turned to the secondary market, where a loose network of brokers buys and sells the shares of privately owned companies.
Now, with SpaceX preparing for a stock market debut this year at a valuation near $1.75 trillion, Bhatia could be sitting on a lucrative investment, but his shares were bought through brokers that make ownership hard to verify.
“I hope I didn’t get duped,” Bhatia, the former Chief Executive of space company Axiom Space, told Reuters. “I don’t think I did, but again, there’s no way to know.”
The potential payoff from owning SpaceX shares before it goes public is big enough that many are willing to pay a premium for access and live with the uncertainty. “It’s the hottest IPO opportunity in history,” he said.
Bhatia is among a growing swell of investors who have poured money into SpaceX through the opaque market for private company shares.
These deals often rely on special-purpose vehicles, or SPVs, which don’t own shares in the company. They pool investor money to buy the rights to purchase the shares at a later time.
The intense demand for SpaceX shares has led investors to accept unusually complex arrangements, according to 10 investors, industry experts, and analysts interviewed by Reuters.
