SpaceX Files Initial Paperwork to Sell Shares to the Public
The offering could value the company as high as $1.5 trillion.
April 1, 2026 — Elon Musk's space exploration company has filed preliminary paperwork to sell shares to the public, according to two sources familiar with the filing, a blockbuster offering that would likely rank as the biggest ever and could make its founder the world's first trillionaire.
A SpaceX IPO promises to be one of the biggest Wall Street events of the year, with several investment banks lining up to help raise tens of billions to fund Musk's ambitions to set up a base on the moon, put datacenters the size of several football fields in orbit and possibly one day send a man to Mars.
The sources spoke on condition of anonymity because they were not authorized to talk publicly about the confidential registration with the Securities and Exchange Commission.
SpaceX did not respond immediately to a request for comment.
Most profile commercial rocket launcher
SpaceX is the most prolific commercial rocket launcher and operates more than half of all satellites in orbit.
The company is in the process of purchasing nearly $20 billion of spectrum from EchoStar to support its direct-to-cell service ambitions. More than half of that would be paid in SpaceX stock, which could become more valuable after the IPO.
SpaceX is aiming to launch 15,000 new satellites to support the direct-to-cell service, now called Starlink Mobile, a massive bump from the 650 that operate today. The service is offered in the U.S. through a partnership with T-Mobile on the carrier's spectrum.
The company currently has 10,000 satellites in orbit for its Starlink broadband service, with FCC approval to operate a total of about 15,000. SpaceX President Gwynne Shotwell told Time Magazine last week that the Starlink constellation would probably not grow beyond 15,000 or 20,000 satellites.
Seeking to raise $75 billion in funds
Exactly how much SpaceX plans to raise has not been disclosed but the figure is reportedly as much as $75 billion. The offering, coming possibly in June, could value all the shares of SpaceX at $1.5 trillion, nearly double what the company was valued in December when some minority owners sold their stakes, according to research firm Pitchbook.
In addition to making reusable rockets to hurl astronauts and hardware into orbit, SpaceX owns Starlink, the world’s largest satellite communications company. The company also recently bought two other Musk businesses, social media platform X, formerly Twitter, and his artificial intelligence business, xAI.
This article was written by Jake Neenan of Broadband Breakfast, and Bernard Condon and Ken Sweet of the Associated Press. Condon and Sweet reported from New York.
Member discussion