Elon Musk's SpaceX is moving closer to a public listing, a step that could make it one of the most valuable companies in the world.
The privately held space technology firm has made a confidential filing with the US Securities and Exchange Commission for an initial public offering (IPO), reported BBC. This allows the company to begin regulatory discussions without immediately disclosing detailed financial information.
Reports suggest SpaceX could go public as early as June. Once listed, its valuation is expected to cross $1 trillion, placing it among the most valuable publicly traded firms globally.
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Such a move could also significantly impact Musk's personal wealth, potentially putting him on track to become the world's first trillionaire.
Fundraising and investor push
Through the IPO, SpaceX is aiming to raise $50 billion or more. The next stage will involve a "roadshow", where company executives meet institutional investors to build interest ahead of the listing.
Analysts say the public offering is key to funding the company's expanding ambitions, especially as costs tied to infrastructure, computing power, and energy continue to rise.
Expanding ecosystem of Musk companies
SpaceX's growth is closely linked with Musk's broader business network. Earlier this year, the company absorbed xAI, his artificial intelligence venture.
This followed xAI's takeover of X, further tying together Musk’s companies. Meanwhile, Tesla has invested over $2 billion in xAI, with plans to integrate its technology into robotics and vehicle systems.
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Musk has also announced a chipmaking initiative called Terafab, which will involve collaboration across SpaceX, Tesla and xAI. Speaking earlier, he said, "Tesla, xAI and SpaceX have all done amazing things that people did not think could be done before," highlighting the scale of ambition behind the project.
Founded in 2002, SpaceX focuses on reusable rockets and satellite-based internet through Starlink. It has worked with NASA since 2006 and remains a key player in global space technology. Looking ahead, the company is also exploring ideas such as space-based data centres and even a self-sustaining city on Mars.
