SpaceX finally files for IPO, targets $1.75 trillion valuation

SpaceX confidentially filed to go public, submitting paperwork to the Securities and Exchange Commission this week.

Last month it acquired Elon Musk’s loss-making AI startup xAI for $250 billion.

The company is seeking to raise about $75 billion in the IPO, according to people familiar with the matter.

SpaceX is targeting a roughly $1.75 trillion valuation, which would leave only Nvidia, Apple, Alphabet, Microsoft and Amazon with larger US market caps.

Its valuation was about $90 billion as recently as 2022.