SpaceX has reportedly raised its initial public offering valuation goal to more than $2 trillion, according to Bloomberg News, signaling ambitions for an unprecedented stock market debut that could become the biggest IPO to date.
The company, along with its advisers, is presenting the heightened valuation target to potential investors, wrote Bloomberg. Discussions regarding the offering are still underway, and specific terms and figures remain subject to adjustment.
SpaceX has recently filed confidential documentation for the IPO with the U.S. Securities and Exchange Commission, planning for a public launch within the year. According to reports, the Texas-based aerospace firm could generate as much as $75 billion through the offering, surpassing the current IPO record set by Saudi Aramco in 2019.
Earlier projections set SpaceX’s valuation target at $1.75 trillion, but recent developments indicate a more ambitious goal as IPO preparations continue.
In early February, SpaceX announced the acquisition of artificial intelligence firm xAI, combining both entities under a single corporate structure. The deal strengthens SpaceX’s standing as the world’s most highly valued private enterprise, reflecting a growing push among technology leaders to consolidate resources for AI development.
The merger brings together two of Elon Musk’s leading ventures, forming a consolidated company valued at approximately $1 trillion based on recent valuations—SpaceX at $800 billion following a late 2025 share sale, and xAI at $230 billion as of a January funding round. This move highlights the escalating demand for capital and computing power in the AI industry, with major players like Musk revising their strategies to address rapid technological shifts.
