SpaceX, the reusable rocket company led by Elon Musk, is preparing to disclose its IPO prospectus as soon as next week, according to sources familiar with the matter. The company confidentially filed for an IPO in April and is now nearing what is expected to be a record share sale. The official roadshow to market the deal to investors is targeted to begin on June 8, with the prospectus filing required at least 15 calendar days prior. However, SpaceX and its advisers are considering an earlier disclosure to allow investors more time to review the company's financials, though the timing remains subject to change [1].
The anticipated IPO follows SpaceX's merger with xAI, Musk's artificial intelligence company, in February. This merger valued the combined entity at $1.25 trillion. According to Bloomberg, the company is aiming for a listing size of approximately $70 billion to $75 billion, which would more than double the size of Saudi Aramco's record-setting IPO in 2019 [1].
Given the unprecedented scale of the offering, SpaceX's advisers are exploring unique distribution channels, particularly targeting longer-term retail investors outside the United States. Efforts include engaging brokers in the U.K., Japan, and Canada to secure allocations for their clients [1].
The market is showing strong enthusiasm for IPOs, especially those connected to artificial intelligence. Recent examples include Cerebras, an AI chipmaker, which surged 68% on its debut, closing with a market capitalization of about $95 billion. Other AI leaders such as OpenAI and Anthropic are also considering IPOs this year, potentially reaching valuations above $1 trillion [1].
CONCLUSION
SpaceX's upcoming IPO, following its merger with xAI, is poised to be the largest in history, with a targeted listing size of $70 billion to $75 billion. The market's strong appetite for AI-related offerings and the company's innovative approach to investor outreach signal significant market impact and anticipation for the deal.