SpaceX IPO prospectus could land as soon as next week, sources say
Tesla and SpaceX CEO Elon Musk attend a state banquet for President Donald Trump and China’s President Xi Jinping on the Great Hall of the People in Beijing on May 14, 2026.
Brendan Smialowski | Afp | Getty Images
SpaceX, which confidentially filed for an IPO in April, it’s deliberate to reveal its prospectus as soon as next week, in line with individuals aware of the matter, as Elon Musk’s reusable rocket firm nears what’s anticipated to be a document share sale.
The firm is aiming to kick off a roadshow to formally market the deal to buyers on June 8, mentioned the sources, who requested to not be named due to a quiet interval forward of the itemizing course of. The submitting must be disclosed no less than 15 calendar days earlier than the roadshow begins, however SpaceX and its advisers are aiming for a barely earlier flip to present buyers time to digest the numbers, mentioned the individuals, who added that the timing should still change.
SpaceX did not instantly reply to a request for remark.
The IPO is anticipated to be the biggest ever, after SpaceX merged with xAI, Musk’s synthetic intelligence firm, in February, in a deal that valued the mixed entity at $1.25 trillion. Bloomberg reported, citing individuals aware of the matter, that the corporate was concentrating on a list measurement of about $70 billion to $75 billion, nicely over twice the scale of Saudi Aramco’s record offering in 2019.
Because this a lot inventory has by no means been bought in an IPO earlier than, SpaceX’s advisers are looking for out distinctive channels, notably for what they understand to be longer-term retail holders exterior the US, two of the individuals mentioned. That consists of scouting out brokers in international locations just like the UK, Japan and Canada to acquire allocations for shoppers, one individual mentioned.
Wall Street is thirsting for IPOs after a yearslong drought, and buyers are notably enthusiastic about something tied to the AI commerce. Brainsan AI chipmaker, soared 68% in its debut on Thursday, closing with a market cap of about $95 billion. AI mannequin giants OpenAI and Anthropic are additionally pursuing choices as soon as this 12 months that could push their valuations previous $1 trillion.
SpaceX’s submitting could hit across the time of the twelfth check flight of its next-generation Starship rocket. The firm beforehand mentioned it was targeting May 19.
—CNBC’s Lora Kolodny contributed to this report.
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