SpaceX Eyes Record-Breaking $2 Trillion Valuation Before Summer IPO

Elon Musk’s SpaceX is setting its sights on a historic $2 trillion valuation as it prepares for what could be the largest stock market debut ever. Sources familiar with the situation told Bloomberg that the company and its advisers are now pitching this massive figure to potential investors ahead of meetings scheduled for the coming weeks.

This updated valuation marks a significant jump for the world’s most valuable startup. According to Bloomberg News, SpaceX was valued at $1.25 trillion only months ago following its acquisition of xAI. If the company hits the $2 trillion mark, it would be worth more than major tech giants like Meta and Tesla, trailing only five companies in the S&P 500.

People familiar with the matter say these “testing-the-waters” briefings will provide investors with specific details to support the high price tag. Bloomberg previously reported that SpaceX filed for its initial public offering confidentially and aims to go public as early as June.

The company expects to raise as much as $75 billion through the listing. This would easily surpass the record set by Saudi Aramco, which raised $29 billion in 2019. Musk reportedly plans to use the fresh capital to fund ambitious projects, including a factory on the moon and AI data centers located in space.

While the plans are moving forward, those familiar with the discussions cautioned that details could still change since the information has not been made public. Representatives for SpaceX have not yet commented on the valuation or the IPO timeline.

To manage the massive offering, SpaceX has reportedly recruited a lineup of major banks including Morgan Stanley, Goldman Sachs, JPMorgan Chase, Citigroup, and Bank of America. A call with the full banking group is expected this Monday, followed by a formal briefing for analysts later in April.