Elon Musk's SpaceX is taking steps toward an initial public offering (IPO), WSJ reports (open copy). The company has confidentially filed paperwork with the Securities and Exchange Commission. This filing keeps early discussions private while regulators review details before any public release. SpaceX aims to raise between 40 billion and 80 billion dollars through the offering, with shares possibly listed by July.
SpaceX selected five leading banks to guide the process. In February, Musk's rocket company SpaceX combined with Musk’s artificial intelligence company xAI. The merger gives the new entity greater financial strength to compete in artificial intelligence (AI) while integrating operations from rocket launches to advanced computing facilities.
Unconventional approach to the IPO
WSJ previously reported (open copy) that Musk is planning the stock market debut in his own style, aiming for a mid-June timing ahead of his birthday. Instead of the usual roadshow where company leaders visit investors, SpaceX may invite fund managers and analysts to visit its manufacturing sites and possibly watch rocket launches. This hands-on experience is meant to build strong interest in the offering.
The company is also considering several unusual steps. These include longer lockup periods that prevent early investors and employees from selling shares too quickly after the listing, to avoid sudden pressure on the stock price. SpaceX may give preferential treatment to people who have invested in Musk’s other companies. It also plans to allocate a larger than usual share of the offering to individual investors.
The combined business now spans satellite internet service Starlink, government contracts with NASA and U.S. security agencies, and AI work that requires large amounts of funding. Details of sales, costs, and earnings have remained private until now. Once the full filing becomes public, investors will see more about the company’s finances and operations.
The offering could help SpaceX gain a quick place in major stock indexes, drawing more buyers automatically. The size and unique features make this debut stand out even among other large technology listings expected later in 2026.