SpaceX eyed for June IPO at $1.75-2T

SpaceX was reported on May 17 as preparing for a possible June 2026 initial public offering, but the claim circulating in a podcast episode was not backed by any public securities filing. A YouTube listing shows “The Elon Musk Podcast” published an episode on May 17 discussing a June listing and a valuation of $1.75 trillion to $2 trillion. No registration statement for SpaceX was visible on the U.S. Securities and Exchange Commission’s EDGAR system in public search results reviewed Sunday, and SpaceX had not posted a public statement on its website. Reuters-backed reporting carried by CNBC in April said SpaceX was targeting an early June roadshow and a valuation of as much as $1.75 trillion, citing people familiar with the matter. CNBC separately reported on April 1 that SpaceX had confidentially filed for an IPO, a step that would not immediately appear on the SEC’s public database. Bloomberg also reported on April 1 that the company had filed confidentially, citing people familiar with the matter. ### Did SpaceX itself confirm a June IPO on May 17? May 17 produced no public confirmation from SpaceX in the materials reviewed. The podcast episode cited in the prompt appears on YouTube, but the listing itself does not provide documentary evidence such as an SEC filing number, underwriting syndicate announcement or company release. The SEC allows eligible issuers to submit draft registration statements confidentially before an IPO. That means the absence of a public filing on EDGAR does not, by itself, disprove reports that SpaceX may be moving toward a listing. (cnbc.com) CNBC and Bloomberg both reported in April that a confidential filing had already occurred, citing unnamed sources. ### Where did the $1.75 trillion figure come from? April 7 reporting from Reuters, published by CNBC, said SpaceX was seeking to raise $75 billion at a valuation of as much as $1.75 trillion. The same report said executives and bankers were aiming to begin a roadshow during the week of June 8. CNBC’s April 21 follow-up said SpaceX was briefing Wall Street analysts and targeting a late-June trading debut. (cnbc.com) The $2 trillion figure in the podcast goes beyond the publicly cited Reuters and CNBC reporting available in the reviewed sources. Bloomberg’s April 1 report described SpaceX as moving toward what could be the biggest-ever listing, but the snippet available in search results did not match the podcast’s upper-end $2 trillion valuation. (cnbc.com) ### How large would that be compared with SpaceX’s private valuation? December 2024 secondary-sale reporting from Bloomberg and CNBC valued SpaceX at about $350 billion. Bloomberg later reported in July 2025 that SpaceX was discussing a transaction at around $400 billion. Those figures show how far the reported IPO target would exceed the company’s last widely reported private-market valuations available in open reporting before the April 2026 IPO stories. (bloomberg.com) A jump from roughly $350 billion or $400 billion to $1.75 trillion would represent a sharp repricing. Reuters’ April report attributed that target to people familiar with the process, not to a public company statement. ### What businesses are investors likely focusing on? Starlink remains the most often cited commercial engine inside SpaceX in financial coverage, though the reviewed April reports did not publicly detail the model behind the $1.75 trillion target. (bloomberg.com) The podcast’s reference to orbital AI data centers matches themes that appeared later in December 2025 Bloomberg reporting about internal company messaging, but that report came months after May 17 and cannot verify what was publicly established on the date in question. (cnbc.com) February 2026 CNBC reporting also said SpaceX was acquiring xAI ahead of a potential IPO, adding an artificial-intelligence angle to the company’s story for investors. That report, again, cited a statement and reporting around a possible listing rather than a completed IPO filing made public on May 17. ### What would confirm the story next? A public SEC registration statement, an amended prospectus, or a formal roadshow launch would provide the clearest confirmation of timing, valuation range and share sale size. (bloomberg.com) Reuters’ April 7 report said the roadshow was expected to begin the week of June 8, which makes that date the next concrete milestone in the reporting timeline. (cnbc.com) June 8 is the date investors and reporters would likely watch for named underwriters, an indicated price range and the number of shares on offer. Until then, the May 17 podcast claim sits alongside earlier Reuters, CNBC and Bloomberg reports pointing to a possible June 2026 listing, but without a public filing released by SpaceX. (cnbc.com)