SpaceX filed confidentially for an initial public offering targeted for June 2026. The company seeks to raise up to $75 billion in the offering. The deal targets a total valuation between $1.75 trillion and $2 trillion.
The public entity will combine the core space business, Starlink, and the recently acquired AI firm xAI. SpaceX plans to allocate up to 30% of the shares to retail investors.
A dual-class share structure will ensure Elon Musk and insiders retain voting control. The S-1 filing stipulates that only Class B shareholders can remove Musk as CEO or chairman. Musk currently maintains control over the Class B shareholder group.