SpaceX has confidentially filed for an IPO with the SEC, aiming for a historic $1.75 trillion valuation. According to reports, the company plans to raise $75 billion, which would be the largest IPO ever. It has enlisted 21 banks to manage the offering, internally called Project Apex.
Founded by Elon Musk in 2002, SpaceX is a leading space company with reusable rockets, the Starlink satellite network, and now includes Musk’s xAI lab. The company previously stated it wouldn’t go public until reaching Mars, but immense capital needs for projects like the Starship rocket, lunar ambitions, and a planned space data center network have changed its plans.