SpaceX has officially filed paperwork for its Initial Public Offering (IPO) at USD 135 a share, a move that could create the first trillion-dollar debut
in U.S. market history and further cement Elon Musk’s influence across multiple industries. SpaceX will raise USD 74.4 billion from the offering. The move will position Elon Musk's company to exceed the 2019 IPO of Saudi Aramco in both valuation and money raised. Saudi Aramco previously held the record, holding a USD 1.7 trillion valuation and raising more than USD 29 billion when it went public in 2019. As per The New York Times, the USD 135 share price values the company at USD 1.77 trillion, making it the largest IPO in history. SpaceX will raise USD 74.4 billion from the offering, and this valuation represents an increase of more than 40 per cent compared to the USD 1.25 trillion valuation the company gave itself in February. For SpaceX, Starlink remains the sole profitable segment, generating $11.4 billion in revenue and $4.4 billion in operating income in 2025. According to the NYT report, Musk, who controls a 50 per cent stake in SpaceX, will see his holdings valued at just over USD 752 billion. Regulatory filings show Musk cannot sell some shares until the company hits specific operational milestones.
OpenAI and Anthropic IPO:
Apart from SpaceX, OpenAI, and Anthropic are also fuelling intense speculation over what could become the most anticipated IPO wave in a generation.
Anthropic is also reported to go public by end of this year with an estimated valuation of $900 billion. while OpenAI is working with Goldman Sachs and Morgan Stanley to prepare to file in the coming days or weeks.
According to KPMG, global IPO activity raised $42.6 billion across 251 transactions in the first quarter of 2026, a 45% year-on-year (YoY) increase in proceeds, even as deal volume contracted 15% YoY.
