Quick overview

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SpaceX, the space company founded by Elon Musk, is preparing to launch an initial public offering (IPO) in June that could raise as much as $75 billion—potentially the largest in history.

According to tech news outlet The Information, the company is expected to file its prospectus with securities regulators this week or next, citing a source familiar with the plans.

SpaceX—currently developing spacecraft aimed at reaching Mars—was valued at $1.25 trillion in early February following its merger with Musk’s artificial intelligence venture, xAI.

A record-breaking IPO in the making

In recent months, analysts had expected Musk to target a raise between $30 billion and $50 billion, given strong investor demand for technology companies. The planned IPO now appears set to far exceed the largest offering on record, when Saudi Aramco raised $25.6 billion in 2019.

SpaceX, which dominates the global launch market with its reusable rockets, is owned by Musk alongside several investment funds and technology firms, including Alphabet.

Analysts note that taking SpaceX public would require greater transparency from both the company and Musk—particularly regarding revenues—and could increase pressure to deliver consistent profitability as public-market scrutiny intensifies.

Strong rebound in markets

Against this backdrop, U.S. equities posted a strong rebound. The S&P 500 rose 0.93%, while the tech-heavy Nasdaq Composite gained 1.17%. The Dow Jones Industrial Average also moved higher, advancing 1%.

Among the top gainers were Hewlett Packard (+6.8%), Super Micro Computer (+5.6%), and Advanced Micro Devices (+5.39%).

On the downside, the biggest decliners included Generac (-6.7%), Seagate Technology (-7.56%), and Western Digital (-6.22%).