SpaceX is weighing an initial public offering as soon as next week, sources familiar with the matter say, and the potential valuation of $1.75 trillion could make founder Elon Musk the world's first trillionaire.
The rocket and satellite company, which has long been the most valuable private startup in the U.S., has not confirmed the timeline. But an IPO at that price tag would dwarf every other public company's market debut and put Musk's net worth — already the largest on the planet — into uncharted territory.
How the valuation stacks up
A $1.75 trillion valuation would place SpaceX among the largest corporations by market cap, rivaling tech giants like Apple and Microsoft. The company currently has no publicly traded shares, so the figure is based on recent private transactions and internal estimates.
SpaceX's valuation has surged over the past two years, driven by its Starlink satellite internet business and the successful development of the Starship rocket. The company also dominates the commercial launch market, carrying satellites and astronauts for governments and private clients.
Musk already holds the title of the world's richest person, with a fortune largely tied to his stakes in Tesla, SpaceX, and other ventures. If SpaceX goes public at the $1.75 trillion mark, his 42% stake in the company would be worth roughly $735 billion.
Combined with his Tesla shares, estimated at around $150 billion, and his other assets, Musk's net worth would likely exceed $1 trillion for the first time — a milestone no person has ever reached.
Uncertainty around the timing
The IPO is still under consideration, and the company has not filed any official paperwork with regulators. A next-week launch would be unusual for a company of SpaceX's size, which typically requires months of preparation before listing.
Neither SpaceX nor Musk have publicly commented on the reports. The company's board has discussed a potential listing for years, but Musk has previously expressed reluctance about the quarterly earnings pressure that comes with being public.
If the offering moves forward, it would be one of the most anticipated — and closely watched — stock market events in history. For now, investors and analysts are left waiting for a formal announcement, which may or may not come next week.
