SpaceX Sets $USD2T Valuation Ahead of Planned IPO

(MENAFN) SpaceX has increased its target valuation to over $2 trillion as it prepares for a potential initial public offering, positioning the Elon Musk-led company for what could be the largest market debut in history, according to reports.

The aerospace, satellite, and artificial intelligence firm, along with its advisers, is presenting the new valuation to potential investors in upcoming “testing-the-waters” meetings.

If achieved, the valuation would represent a near two-thirds increase within months. SpaceX’s recent acquisition of Musk’s xAI in February placed the combined company at a $1.25 trillion valuation.

At more than $2 trillion, SpaceX would rank among the highest-valued publicly traded companies globally, surpassing Meta and Tesla while trailing only Nvidia, Apple, Alphabet, Microsoft, and Amazon within the S&P 500.

Previously, reports indicated that SpaceX had filed confidentially for an IPO potentially set for June, initially targeting a valuation exceeding $1.75 trillion. The listing could be part of a broader wave of major offerings, including possible debuts by OpenAI and Anthropic, competitors to xAI’s chatbot Grok.

The IPO could raise up to $75 billion, eclipsing Saudi Aramco’s $29 billion listing in 2019, currently the largest on record. Proceeds are expected to fund Musk’s ambitious initiatives, including space-based AI data centers and a lunar factory.

In March, Musk also revealed that his Terafab project, focused on producing chips for robotics, AI, and space-based data centers, would eventually operate jointly under Tesla and SpaceX.

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