Elon Musk’s SpaceX plans to raise $75bn in June IPO – Report

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(FILES) Elon Musk looks on as US President Donald Trump speaks at the US-Saudi Investment Forum at the John F. Kennedy Center for the Performing Arts in Washington, DC on November 19, 2025. Tech tycoon Elon Musk offered on March 21, 2026, to pay security personnel at US airports during a political standoff over funding for the Department of Homeland Security (DHS). The lapse in funding has led to longer-than-usual lines at airport security checks, where employees of the Transportation Security Agency (TSA) have been working without pay since mid-February. (Photo by Brendan SMIALOWSKI / AFP)

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SpaceX, the company founded by tech billionaire Elon Musk, will soon file for an initial public share offering in June that could raise a whopping $75 billion for his extraterrestrial ambitions, a report said Tuesday.

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Citing a person with knowledge of the plan, tech news site The Information said the IPO prospectus would be filed with security regulators this week or next for the long-expected operation.

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SpaceX, which is also developing a spacecraft for reaching Mars, was valued at $1.25 trillion in early February, when it merged with Musk’s artificial intelligence unit xAI.

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In recent months, analysts had expected Musk would seek to raise $30 billion to $50 billion given the red-hot investor demand for technology firms.

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The IPO looks set to blow past the biggest public offering on record from 2019, with the oil group Saudi Aramco raised $25.6 billion.

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The company did not immediately respond to an AFP request for comment.

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SpaceX, which dominates the space launch market with its reusable rockets, is owned by Musk alongside several investment funds and tech companies including Google’s parent Alphabet.

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Analysts have said that taking SpaceX public will require it and Musk to maintain greater transparency, particularly about its revenues, and could increase pressure to deliver profits.

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AFP

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