Elon Musk’s space company SpaceX is reportedly getting ready to take a major step toward going public.
According to a report by Benzinga.com, the company is planning to confidentially file paperwork for an initial public offering (IPO) as early as March. If everything stays on schedule, the listing could happen in June and may be valued at $50 billion.
If that number holds, it would make SpaceX’s IPO the largest in history, bigger than Saudi Aramco’s $29 billion public debut in 2019.
Bloomberg reported that SpaceX plans to submit draft documents to the US Securities and Exchange Commission next month. By filing confidentially, the company can review feedback from regulators before making financial details public.
This approach allows companies to adjust their plans quietly before officially launching the IPO. However, sources familiar with the matter told Bloomberg that timelines can still change. Nothing is final yet.
The company is said to be aiming for a valuation above $1.75 trillion. That number follows SpaceX’s recent acquisition of Musk’s artificial intelligence startup xAI. Earlier this month, that deal reportedly valued the combined businesses at around $1.25 trillion.
Several major banks are reportedly working on the deal, including Bank of America, Goldman Sachs, JPMorgan Chase, and Morgan Stanley.
The company is also said to be considering a dual-class share structure. This would give certain insiders, including Musk, stronger voting control even if they own a smaller percentage of shares.
Prediction markets are already reacting to the possibility of a SpaceX IPO, says the report. On Kalshi, a regulated US prediction platform, traders currently estimate about a 47% chance that SpaceX will officially announce its IPO before June 1.
On Polymarket, which runs on blockchain technology, traders are placing bets that the company could close its IPO at a valuation above $2 trillion. The odds there are above 40%.
While prediction markets are not guarantees, they show strong investor interest in what could be one of the most significant tech listings ever.
If SpaceX goes public this summer, it could be part of a wave of major tech listings. Reports suggest OpenAI and Anthropic may also explore public offerings. That would make 2026 one of the biggest years for technology IPOs in recent memory.
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