SpaceX headquarters is shown in Hawthorne, California, U.S. June 5, 2025.
Daniel Cole | Reuters
Elon Musk’s SpaceX has confidentially filed for an IPO with the Securities and Exchange Commission, sources told CNBC’s David Faber, bringing Elon Musk’s rocket company one step closer to what’s expected to be a record public offering.
Bloomberg was first to report on SpaceX’s confidential filing, citing people familiar with the matter, adding that the company could seek a valuation of $1.75 trillion.
Founded by Musk in 2002 to develop and operate reusable rockets, SpaceX has turned into NASA’s biggest launch partner after the agency ended its space shuttle program in 2011. The company merged with Musk’s xAI in February, creating a combined entity that he valued at the time at $1.25 trillion.
When SpaceX eventually lists, Musk will become the first person to helm two separate trillion-dollar publicly traded companies.
WATCH: SpaceX has filed confidentially for IPO
