US based billionaire Elon Muskhas filledan IPOof his rocket and satellite manufacturing company SpaceX. He has filled confidentiallyon Wednesday, 1 st April 2026 for an initial public offering.
Theinternal sources suggest that the IPO will set the stage for what could be one of the largest offerings ever.
The rocket manufacturing giant SpaceX values itself at more than$1 trillionand is likely to be the one of the valuable companies to reach the stock market, after Saudi Aramco owned by Royal family of KSA which debut on stock exchangein 2019 at valuation of$1.7 trillion. The oil giant raised more than$29 billionfrom its IPO.
SpaceX starts a new wave of IPO
The SpaceX listing could start a fresh wave of enormousIPOswith AI companies such as OpenAI and Anthropic which is also gearing up to list upon stock exchange. The expertsbelievethat the SpaceX listing would be a generationalmoneymaking event for Wall Street traders, the company's workforce, and of course ElonMusk,who could become the first trillionaire after the launch of IPO.
Everything about SpaceX
Elon Musk founded SpaceX in 2002 with the goal of sending people toMars,and the company turned intothe world'sleading space companies.Since2002Musk said that the ultimate mission of the company is to make humans a multiplanetary species, ensuring that life would thrive if something happened to Earth.
The company has launched several rockers into space andestablisheda popular satellite internet service, Starlink. Thecustomersof the companyconsistof the federal government, the Ukrainianmilitaryand many others.
According to Georgetown University's center for Security and Emerging Technology, the company launches 5 out of every 6rockets in space inthe US.
In February 2026, Elon Musk merged the SpaceX with AI company,xAIafter with SpaceX consists ofStarship, which is a self-landing rocket meant for Mars, Grok,xAI'schatbot, and popularmicroblogingplatform X (formerly known as Twitter).
How Musk will spend IPO money
The media reports and experts suggest that the company will use the money raised from the IPO into long-term goals of launching AI data centers into orbit, creating a colonyon the moon, and sendinghumansinto Mars.
As per a source, the companymayalso use the money to fundxAIand its working capital as well as to buy up and expungebillionsof dollars in debt that Twitter (now X) borrowed when Musk bought the social media platform back in 2022.
What is confidential filing
Confidentialfiling means thatthe financials of the company are notdiscloseduntil later. In June 2025, Musk posted on social media that he expected SpaceX's revenueto reach$15.5 billionin 2025, with about$1.1 billionof that coming from NASA. Total revenue would be up from$7.4 billionin 2023, as per documents satellite internet service provider Starlink alone generated$8 billionin terms of sales in 2024.