Washington, 16 May 2026
Elon Musk's SpaceX has filed paperwork for what could become the largest initial public offering in history, with potential valuations reaching $1.75 trillion despite ongoing financial losses.
The space exploration company founded by Elon Musk in 2002 submitted registration documents to the Securities and Exchange Commission this week, setting the stage for what analysts predict will be a blockbuster Wall Street debut. While SpaceX didn't disclose exact fundraising targets, previous reports suggested the company could raise $80 billion - nearly triple the record $29 billion raised by Saudi Aramco in 2019.
SpaceX's potential $1.75 trillion valuation would make it one of the most valuable companies in the world, possibly surpassing Musk's electric vehicle company Tesla. This comes despite the company reporting a $4.2 billion loss in the first quarter of 2026 and $5 billion in losses for 2025, according to financial documents.