SpaceX Files Confidential IPO Application, Targeting Valuation of Rp 29.610 Trillion

Elon Musk’s space company, SpaceX, has reportedly filed documents for an initial public offering (IPO) confidentially with the Securities and Exchange Commission (SEC). According to Reuters on Thursday (2 April 2026), this confidential filing represents the initial stage before the company discloses its financial details to the public ahead of the IPO process. If realised, SpaceX’s IPO has the potential to be one of the largest in global stock market history. The funds raised are estimated to exceed $75 billion, far surpassing the previous record set by Alibaba Group’s $22 billion IPO and Visa Inc.’s nearly $18 billion. SpaceX was founded in 2002 and is now the world’s largest rocket launch company. The company has also been NASA’s primary partner since the space shuttle programme ended in 2011. In addition to rocket launches, its main revenue source comes from the Starlink satellite internet service, which has around 9 million global subscribers, including contracts in the defence sector. This IPO plan emerges after SpaceX merged with Musk’s artificial intelligence company, xAI. In that transaction, SpaceX is said to be valued at around $1 trillion, while xAI is valued at approximately $250 billion. SpaceX is also developing various ambitious projects, from missions to return to the Moon, Mars colonisation, to plans for building artificial intelligence data centres in orbit. These ambitions reflect the company’s efforts to expand its business into future technology infrastructure, including space-based computing. According to analysts, a sum-of-the-parts approach could be used, but valuations remain volatile, as seen with Tesla Inc. The confidential SEC filing allows the company to submit financial reports for regulatory review before publication. SpaceX is required to disclose those documents at least 15 days before the investor roadshow. If this IPO materialises, Musk could become the first person to lead two publicly traded companies each valued over $1 trillion. SpaceX’s IPO is also expected to attract interest from retail and institutional investors, while opening new capital flows to the space sector and next-generation technology infrastructure.