SpaceX Confidentially Files for IPO with $1.75 Trillion Valuation Target

SpaceX has confidentially filed for an initial public offering (IPO), targeting a valuation of $1.75 trillion. If successful, the company aims to raise approximately $75 billion, potentially establishing it as the largest IPO in Wall Street history. The filing positions SpaceX as a dominant force in both the space economy—projected to reach $1 trillion by 2034—and the artificial intelligence sector, which PwC estimates could add $15.7 trillion to the global economy by 2030. This move likely precedes potential public debuts from other AI leaders, including OpenAI and Anthropic, later in 2026. At a $1.75 trillion valuation, SpaceX would rank as the seventh-largest public company in the United States, surpassing Tesla. However, the valuation is under scrutiny, with a price-to-sales ratio exceeding 60, leading some to question if the 'Musk bump' has pushed the pricing beyond fundamental justifications. Historical data suggests caution for prospective investors. Many of the largest IPOs of the last three decades, including Alibaba and Meta, traded lower six months after their debut. Analysts point to the unpredictable nature of the aerospace and AI industries as a risk factor that could lead to a post-IPO correction, suggesting that the current pricing may be 'priced for perfection' in an imperfect market.