SpaceX pushes for $2 trillion valuation as IPO buzz rivals OpenAI’s massive funding round

SpaceX has filed a confidential registration statement for a $75 billion IPO that could lift its market cap to $1.75 trillion, according to a SiliconANGLE report. The filing, made under the SEC’s “confidential” process, signals the company’s intent to go public within months, potentially creating the largest equity offering ever.

The filing lists a share price range that would value the launch‑rocket maker near the $2 trillion mark, a figure echoed by Yeni Safak English, which says the target valuation “could become the largest IPO in history.” Investors are reportedly lining up, with Musk’s track record and SpaceX’s expanding revenue streams driving demand.

SpaceX’s revenue surge stems from its Starlink broadband service, which now serves millions of customers worldwide, and its growing commercial launch business. The company’s latest earnings indicate a steep climb in cash flow, bolstering confidence that a public offering could meet the lofty valuation goal.

Analysts note the IPO would dwarf OpenAI’s recent $6.6 billion raise, which valued the AI firm at $157 billion, according to The Information. SiliconANGLE highlights the contrast, calling OpenAI’s round “ridiculous” next to SpaceX’s “stratospheric” ambitions, and pointing to a widening gap between AI and aerospace valuations.

Musk has not publicly confirmed the filing, but the confidential submission suggests the timeline is advancing quickly. If approved, the offering could set a new benchmark for private‑to‑public transitions, reshaping capital markets and cementing SpaceX’s status as a trillion‑dollar enterprise.