SpaceX, the aerospace (and now AI) company founded by world’s richest man Elon Musk in 2002, confidentially filed to go public on Wednesday, according to multiple reports (1). With the Securities and Exchange Commission receiving the S-1 filing, an IPO could happen in just a few short months, around June (1).
The upcoming IPO has investors excited because of its dominance in the space industry — including rocket launch services and Starship, revenue-generating satellite internet with Starlink and even Musk’s latest plan for orbital AI data centers, among others (2). With these elements, SpaceX now spans across space infrastructure, connectivity, and artificial intelligence which all hold potential for growth (3). For example, Morningstar estimates that SpaceX generated ~$16 billion in revenue in 2025 and could reach $150 billion in revenue by 2040 (4).
Elon Musk may allocate as much as 30% of SpaceX’s IPO to individual investors, according to anonymous sources who spoke to Reuters, which is three times the usual offering. Companies typically allocate just 5% to 10% of shares (5).
SpaceX reportedly wants to raise $75 billion and come in at a $1.75 trillion valuation – the entire U.S. IPO market only raised more money than this in two of the past 10 years. If SpaceX is successful, it would be the first company to go public at a valuation of $1 trillion or more (6).
The largest IPO on record is Saudi Arabia’s Aramco which raised ~$29 billion in 2019 (5).
If SpaceX reaches its target valuation, it will be eligible for inclusion in the Nasdaq-100 index following a new fast-entry rule, pending approval, that would go into effect on May 1, 2026. Currently, companies often have to wait months to be part of major indexes like the S&P 500 or Nasdaq-100, but the fast-entry rule would reduce that timeframe to less than one month (7).
“This is one of those lifetime moments in which people may say they just have to get in,” Rowan Taylor, managing partner of Liberty Hall Capital Partners, a private equity firm focused on aerospace and defense, told Reuters (5).
What this means for everyday investors (like you)
New IPOs often experience more demand than the volume of shares that are available, so not everyone who is interested in buying can do so (8). With the usual initial offering at just 5% to 10% of shares, there is stiffer competition from interested parties — individuals or institutions — which can leave some investors empty handed or paying an inflated price.
With SpaceX’s rumoured 30% of shares on offer with the IPO, more everyday investors will have a chance to buy and get in from the start.
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How SpaceX shares will be sold
SpaceX will work with a set list of banks to raise money among different types of investors and/or geographies (9). Bank of America will distribute shares to wealthy domestic investors, Morgan Stanley will handle smaller individual investors through its E*Trade platform, and Citi will be responsible for international retail and institutional distribution, among others with more regional roles (5).
Few details have been shared publicly about the upcoming SpaceX IPO, and the investment banks involved with the IPO will have a kick-off meeting on Monday, April 6, according to people familiar with the process (10).
If you’re interested in buying SpaceX, stay tuned to the latest news on the IPO to get your hands on shares once SpaceX goes public.
Article sources
We rely only on vetted sources and credible third-party reporting. For details, see our editorial ethics and guidelines.
CNBC (1); Marketwise (2); Forbes (3); Morningstar (4); Reuters (5); Axios (6); MarketWatch (7); Investopedia (8); The Motley Fool (9); IFT (10).
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Joanna Sinclair is an engagement editor for Moneywise. She holds a B.A. in Professional Writing from York University and has been working in digital media for nearly two decades.
