SpaceX IPO Filing Could Arrive Next Week After $1.25T Valuation

• SpaceX is reportedly preparing to release its IPO prospectus ahead of a possible June roadshow
• The company reached a $1.25 trillion valuation after merging with Elon Musk’s AI startup xAI
• Investors are watching the listing closely as demand for AI and infrastructure-related stocks continues rising

SpaceX could release its IPO prospectus as early as next week after confidentially filing in April, according to reports. The company has become one of the most closely watched private firms in the market. This came after reaching a reported $1.25 trillion valuation earlier this year following its merger with xAI, Elon Musk’s artificial intelligence startup. Investors are now waiting for the filing to get a clearer picture of SpaceX’s financials, Starlink business, and long-term growth plans ahead of a potential public listing.

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Why Investors Are Closely Watching SpaceX’s Public Filing

Latest reports reveal that SpaceX is preparing for a possible June 8 roadshow as part of the IPO process. It was previously reported that the company could target a listing size between $70 billion and $75 billion. This would make it larger than Saudi Aramco’s record IPO in 2019.

The SpaceX IPO is attracting attention beyond the space industry. Investors have increasingly focused on companies tied to artificial intelligence, cloud infrastructure, and communications networks over the past two years. One investor said,

“It’s a truly unique business with the deepest moat that exists today.”

SpaceX’s merger with xAI earlier this year also added to that interest. It links the company more directly to the broader AI trade that has driven much of the market rally.

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SpaceX IPO Gives Elon Musk Unprecedented Control

The expected filing is also drawing attention because of SpaceX’s proposed governance structure. Reports tied to the confidential filing suggest Elon Musk would continue controlling the company through super-voting shares with significantly higher voting power than ordinary shareholders. The structure would make it difficult for investors to influence major company decisions or remove Musk from leadership positions.

The proposed setup has reportedly raised concerns among some public pension funds, though demand for the IPO remains strong. Investors appear more focused on SpaceX’s dominant position in the commercial space industry and the growth of Starlink. SpaceX accounted for more than 80% of global rocket launches last year. Meanwhile, Starlink has grown into one of the world’s largest satellite internet businesses with more than 10,000 satellites in orbit.

The filing could also provide more detail about the company’s financial performance following the xAI merger. Reports said SpaceX generated $18.7 billion in revenue last year. This is even though the combined business also recorded losses tied to heavy AI infrastructure spending.

Despite governance concerns, investor appetite for the IPO appears strong. This is because Wall Street continues to look for large-scale technology and systems listings tied to artificial intelligence and communications networks.

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