SpaceX Eyes Largest IPO in History at $1.25 Trillion Valuation

Targeting Over $75 Billion in Proceeds — A Nasdaq Listing That Could Dwarf Nvidia and Apple

Elon Musk's aerospace company SpaceX is preparing to file its initial public offering (IPO) registration with U.S. securities regulators as early as this week, according to The Information. The company is currently valued at approximately $1.25 trillion based on internal share transactions, with a fundraising target of over $75 billion — a figure that would make it the largest IPO in recorded financial history.

Filing Expected This Week; Final Terms to Be Set Weeks Before Listing

The Information reported on March 25 that SpaceX is moving toward submitting its IPO filing imminently. The final offering size and official valuation are not expected to be confirmed until several weeks before the listing date. While the $1.25 trillion figure reflects current internal transaction benchmarks, some market observers project the valuation could rise to as high as $1.75 trillion by the time the IPO is completed — a level that would place SpaceX among the most valuable publicly traded companies on the planet.

A Market-Defining Mega-Event: Rivaling Nvidia, Apple, and the World's Largest Firms

SpaceX's IPO is being closely watched as a potential watershed moment for global capital markets. A $1.75 trillion valuation would put the company in the same tier as Nvidia, Apple, Alphabet (Google), and Microsoft — the current leaders in global market capitalization. Should the offering raise more than $75 billion, it would shatter the previous record set by Saudi Aramco's $29.4 billion IPO in 2019 by a historic margin.

Why Now? Musk's Long-Standing Resistance Gives Way to Capital Demands

Musk has historically opposed taking SpaceX public, citing concerns that quarterly earnings pressure and short-term stock volatility could undermine the company's long-term ambitions — including the colonization of Mars and the development of the Starship launch system. However, the explosive growth of Starlink's satellite internet business, the accelerating commercialization of Starship, and the mounting need for large-scale capital investment have collectively shifted the calculus toward a public market debut.

Crypto Investors Take Note: Starlink Infrastructure and Blockchain Convergence on the Horizon
SpaceX's IPO carries significant implications for the global crypto investment community. Starlink's rapidly expanding satellite internet infrastructure is increasingly being discussed as a potential backbone for decentralized networks and blockchain-based applications — particularly in regions underserved by traditional internet providers. A successful Nasdaq listing would also open direct investment access to retail investors worldwide through major brokerage platforms. The final offering size and listing schedule are expected to be formally disclosed several weeks prior to the IPO date.

Joohoon Choi joohoon@blockstreet.co.kr