SpaceX Confidentially Files for IPO Targeting $1.75 Trillion Valuation

SpaceX has confidentially filed paperwork for an initial public offering that would value the rocket and satellite company at approximately $1.75 trillion, according to reports cited by The Guardian and other outlets, in what would rank among the largest public listings in history. A confidential filing with the Securities and Exchange Commission allows a company to begin the IPO review process without immediately disclosing financial details to the public. SpaceX has not confirmed the filing or the target valuation. At $1.75 trillion, SpaceX would be valued higher than all but a handful of publicly traded companies globally, surpassing tech giants including Meta, Amazon, and Alphabet at various points in their market histories. The figure reflects investor enthusiasm for SpaceX's Starlink satellite internet business, which has grown rapidly to millions of paying subscribers worldwide and is seen as the primary engine of near-term commercial revenue. SpaceX has long resisted going public, with founder and CEO Elon Musk arguing that the company's long-horizon ambitions around Mars colonization and reusable rocketry are poorly suited to quarterly earnings scrutiny. However, the scale of capital required to build out Starlink globally, expand manufacturing of the Starship rocket, and pursue other initiatives has made a public listing an increasingly attractive option. The Starlink business alone is estimated to be generating several billion dollars annually, with analysts projecting continued growth as the service expands into aviation, maritime, and enterprise connectivity markets. Any IPO timeline remains unclear. Confidential filings can precede a public offering by months or longer, and companies sometimes withdraw filings if market conditions are unfavorable.