SpaceX on Wednesday filed confidentially to go public, according to reports, setting up what could be the largest IPO ever.
The Elon Musk-founded rocket and satellite maker is aiming to hit the stock market in June, with the goal of raising $50-75 billion from going public, per The New York Times.
SpaceX, which merged with Musk’s AI startup xAI in February, kickstarted the modern private space industry, and now has more than 10,000 satellites in orbit, surpassing any other company.
The IPO could test investor appetite for other high-profile enterprises, including OpenAI and Anthropic: Many large startups in recent years have stayed private for longer, but a SpaceX listing could change their thinking.
