Elon Musk’s SpaceX has quietly taken the first step toward what could become the largest IPO in history, with a potential valuation above $1.75 trillion.

SpaceX has confidentially filed for an initial public offering with the US Securities and Exchange Commission, according to reports citing people familiar with the matter.

The move puts the company on track for a potential June 2026 listing, though details remain private at this stage.

The company submitted a draft registration statement, a standard step that allows firms to begin the IPO process without immediately disclosing financials to the public. If completed, the IPO could value SpaceX at more than $1.75 trillion, making it the largest public listing ever recorded.

The offering is also expected to be one of three major tech IPOs, alongside anticipated listings from AI companies like OpenAI and Anthropic.

Behind the scenes, the process could take three to six months from filing to market debut, depending on regulatory review and investor demand .

There are also reports that Elon Musk plans to allocate a significantly larger share of the IPO to retail investors, potentially up to 30% of shares, compared to the typical 5–10%.

The goal is to encourage long-term ownership and reduce early sell-offs.

For markets, the listing could become a key moment. Investors are watching closely, as the SpaceX IPO may act as a major test of sentiment toward AI and high-growth tech stocks in 2026.

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