SpaceX Files Confidentially for IPO, Reports Say

Elon Musk is officially taking SpaceX public, Bloomberg reported on Wednesday. SpaceX filed confidentially for an IPO with the U.S. Securities and Exchange Commission, according to the outlet, citing people familiar with the matter. A confidential filing helps the company seek regulatory approval first before presenting the information to public scrutiny. That means information is still unavailable on SpaceX’s financials and the price range it’s gunning for with the IPO until the SEC makes it public. SpaceX could be seeking a valuation of more than $1.75 trillion, the sources told Bloomberg, which would make the public offering one of the largest IPOs in history. The company is expecting to raise more than $75 billion in the offering, according to a recent The Information report. If all goes as expected, that would place it among a small group of IPOs worldwide to have raised more than $20 billion and shatter the previous record set by oil giant Saudi Aramco, which raised $29.4 billion in 2019. The company, which as of February is the amalgamation of both SpaceX and xAI, is reportedly on track for a June listing on the stock market. A Reuters report from this week said that it was