SpaceX, owned by Musk, has secretly submitted an IPO application

According to market news, Elon Musk's space exploration company SpaceX has secretly submitted an IPO application.

Insiders say the company has submitted an IPO registration draft to the U.S. Securities and Exchange Commission (SEC) and is expected to go public in June, potentially becoming the first of the three major super IPOs, ahead of OpenAI and Anthropic. Insiders revealed that SpaceX may seek a valuation of over $1.75 trillion in the IPO. The company previously acquired Musk's artificial intelligence startup xAI, bringing the combined entity's valuation to $1.25 trillion.

Details of the listing, including the number of shares for sale and the price range, are expected to be disclosed in subsequent filings. Reports indicate that SpaceX's fundraising scale for this IPO could reach up to $75 billion, far exceeding the current record holder Saudi Aramco's $29 billion in 2019.

Insiders say that banks including Bank of America, Citigroup, Goldman Sachs, JPMorgan Chase, and Morgan Stanley will serve as the lead underwriters for this IPO.

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