Elon Musk has said SpaceX needs to move forward with IPO preparations soon, as the rocket, satellite, and artificial intelligence company works toward what could become the largest public listing on record.
Musk made the comments while appearing virtually at the Samson International Smart Mobility Summit in Tel Aviv. He said he was back in Texas because SpaceX IPO work needed attention, stating, “We have got to get the SpaceX IPO stuff going here pretty soon.”
SpaceX could file publicly for its initial public offering as soon as this week, according to reports citing people familiar with the matter. The company has already filed confidentially and is reportedly targeting a Nasdaq listing under the ticker “SPCX.”
The planned offering could raise as much as $75 billion. Reported valuation targets range from about $1.75 trillion to more than $2 trillion, depending on final pricing, investor demand, and market conditions. At that scale, the listing would exceed previous global IPO records.
SpaceX IPO Timeline Moves Into Focus
According to reports, SpaceX may make its S-1 registration statement public in mid-May. The investor roadshow is expected to begin around June 4, with final share pricing possibly set for June 11.
A Nasdaq debut could follow as early as June 12. The timetable remains subject to regulatory review and market conditions, but Musk’s latest comments show that IPO preparations are active.
SpaceX has become one of the most valuable private companies in the world through its launch services, Starlink satellite internet business and government contracts. The company is also involved in U.S. defense and space infrastructure programs.
SpaceX is among the companies connected to work on President Donald Trump’s Golden Dome defense initiative. The U.S. Space Force has awarded $3.2 billion for space-based interceptor prototypes to firms including SpaceX, Lockheed Martin, Northrop Grumman, RTX and Anduril.
BlackRock Reportedly Eyes Large Anchor Investment
BlackRock is reportedly in advanced discussions to invest between $5 billion and $10 billion as an anchor investor in the SpaceX IPO. Such a commitment would give the listing major institutional backing before public trading begins.
Major banks are also expected to be involved in the offering. Reports have named Morgan Stanley, Bank of America, Citigroup, JPMorgan Chase and Goldman Sachs among firms connected to the planned listing.
SpaceX shareholders were recently notified of a 5-for-1 stock split. The split lowers the fair market value per share from about $526.59 to roughly $105.32 while leaving total ownership percentages unchanged.
The split is expected to make the IPO price more accessible to a wider investor base and may improve trading liquidity after listing. Reports also said Musk wants to reserve up to 30% of IPO shares for individual retail investors, which would differ from many large listings that are weighted toward institutions.
Elon Musk Says He Will Not Sell SpaceX Shares
As we reported, Musk has said he does not plan to sell any of his SpaceX shares. In a post on X, he responded to a user who suggested selling after a lockup period by writing, “I’m not selling any shares.”
The statement comes as investors prepare to review how much insider stock may be included in the IPO. Founder share sales are closely watched during listings because they can affect market confidence and ownership expectations.
Concurrently, according to reports, SpaceX will use a dual-class share structure. Musk and selected insiders are expected to hold Class B shares carrying 10 votes per share, allowing Musk to retain voting control after the company becomes public.
The IPO would open SpaceX to public market scrutiny, including regular reporting requirements and investor review of its revenue, contracts, debt, governance, and growth plans.
