Elon Musk-led SpaceX is reportedly preparing for what could become the largest initial public offering (IPO) in history, scheduled for June 12, a move that analysts say could reshape global equity markets and test investor confidence in both artificial intelligence and Musk’s leadership.
According to reports, the aerospace giant plans to raise around $75 billion through a public share sale, with more than 555 million shares expected to be offered. At the proposed valuation, SpaceX could be worth approximately $1.75 trillion, placing it among the world’s most valuable listed companies and eclipsing the record set by Saudi Aramco, which raised $29.4 billion in its 2019 market debut.
The anticipated listing comes amid growing excitement around artificial intelligence and follows SpaceX's integration of Musk's AI venture xAI into its broader operations. The offering would be one of several closely watched technology listings expected this year, alongside potential IPOs from OpenAI and Anthropic.
Market observers say the IPO will serve as a major test of investor appetite for companies linked to AI and emerging technologies. While Musk’s supporters point to his track record of building industry-leading businesses, critics note concerns over the concentration of control within the company.
Regulatory filings reportedly indicate that Musk would retain overwhelming voting power after the listing, allowing him to maintain effective control over strategic decisions. Analysts also caution that the listing could trigger significant market volatility.
Major index providers are expected to fast-track SpaceX's inclusion in benchmark indices, forcing passive investment funds to acquire the stock. Such a move could draw substantial capital away from existing holdings and increase market concentration around a handful of technology giants.
The IPO would also expose SpaceX to greater public scrutiny. As a listed company, it would be required to disclose detailed quarterly and annual financial information, providing investors with a clearer picture of its revenues, spending and profitability.
The company has indicated that proceeds from the offering would be used to expand AI computing infrastructure, launch facilities, rocket programmes and satellite networks. However, analysts warn that long-term success will depend on whether the company can translate rapid growth and technological ambition into sustainable profits.
Also read: SpaceX reveals plans for ‘biggest ever IPO’
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