NEW YORK, United States — SpaceX has confidentially filed for an initial public offering, according to multiple reports, in a move that could become one of the largest stock market debuts in history.
The filing, reported on Wednesday, April 1, 2026, by Bloomberg, The Wall Street Journal and Reuters, follows the company’s recent merger with xAI, significantly expanding its business into artificial intelligence alongside its core space operations.
Confidential Filing and Timeline
The company’s submission to the U.S. Securities and Exchange Commission was made under confidential provisions that allow firms to prepare for public offerings without immediately disclosing detailed financial information.
According to the reports, the share sale could take place as early as June or July, though the amount the company aims to raise has not been disclosed.
SpaceX did not respond to requests for comment, while the regulator said it had no comment.
Valuation and Ownership
SpaceX was most recently valued at about $800 billion, while xAI was valued at $230 billion, according to PitchBook. The combined entity is therefore estimated to be worth more than $1 trillion.
Elon Musk, the company’s chief executive and principal shareholder, is expected to retain majority voting control following the offering.
The IPO could further increase Mr Musk’s wealth, as investors seek exposure to both the space launch market and the expanding artificial intelligence sector.
Expansion Into Artificial Intelligence
The merger with xAI earlier this year reflects Mr Musk’s strategy to integrate space infrastructure with AI capabilities.
At the time of the deal, he outlined plans to deploy a network of up to one million satellites to serve as data centres, aimed at addressing the high energy and cooling demands of terrestrial AI infrastructure.
Market Context and Investor Demand
The planned offering comes amid strong investor interest in artificial intelligence companies.
Major technology firms with AI operations, including Nvidia, Apple, Alphabet, Microsoft, Amazon and Meta, have seen significant valuations, reflecting demand for the technology.
The IPO would provide capital for both SpaceX and xAI, which require substantial investment to support rocket development and data infrastructure.
Strategic Moment for SpaceX
Founded in 2002, SpaceX has become a leading provider of satellite launches and currently transports American astronauts to and from the International Space Station.
The company is also developing its next-generation rocket, Starship, which has experienced setbacks during testing but remains central to its long-term ambitions, including missions to the Moon and Mars.
The timing of the filing coincides with renewed global attention on space exploration, including the launch of NASA’s first crewed lunar mission in decades.
If completed as expected, the offering could mark a pivotal moment for both the commercial space industry and the broader technology sector.
