SpaceX is planning a $75 billion initial public offering, a move the company says would surpass the record valuation set by Saudi Aramco in its landmark 2019 listing. The aerospace firm's proposal, if completed, would mark one of the largest IPOs in history and a major step for a company that has remained privately held since its founding.
What the $75 billion figure means
The $75 billion IPO is a target for the amount the company hopes to raise — not its market capitalization. That sum would eclipse the roughly $25.6 billion Saudi Aramco raised when it went public, though Aramco's valuation at the time was far larger, around $1.7 trillion. SpaceX has not disclosed how many shares it plans to offer or what price range it is targeting.
Why the comparison to Aramco matters
Saudi Aramco's IPO in 2019 set a record for the largest company valuation at the time of listing. SpaceX's plan signals it believes its business — spanning satellite internet, rocket launches, and deep-space projects — can command a premium in public markets. The company has not publicly commented on the timing or regulatory filings for the offering.
The IPO would cap years of speculation about when SpaceX would go public. The company has grown rapidly through contracts with NASA, the U.S. military, and commercial satellite operators, as well as through its Starlink broadband network, which now has hundreds of thousands of subscribers.
SpaceX has not yet filed paperwork with the U.S. Securities and Exchange Commission, a required step before any public offering. The company's board would need to approve the plan, and market conditions will play a role in whether the $75 billion target is achievable. No date has been set for the IPO.
Investors and industry watchers will be watching for any official filings or announcements. For now, the plan remains a proposal — but one that, if realized, would rewrite the record books for public offerings.
