SpaceX files confidentially for IPO targeting a June listing at a potential $1.75T valuation

SpaceX has filed confidentially with the SEC for an initial public offering, putting it on track for a June listing that would make it the first of a potential trio of mega-IPOs ahead of OpenAI and Anthropic, according to Bloomberg sources. The company could seek a valuation of more than $1.75T and raise as much as $75B, which would dwarf Saudi Aramco's $29B debut in 2019 as the largest IPO on record. SpaceX has lined up Bank of America, Citigroup, Goldman Sachs, JPMorgan Chase, and Morgan Stanley for senior roles, and is considering a dual-class share structure that would give insiders including Musk outsized voting power, Bloomberg reported.