The largest IPO in history is underway! Report: SpaceX IPO prospectus could be released as early as next week.

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SpaceX, the reusable rocket company owned by the world’s richest man Elon Musk, is sprinting towards what is expected to be the largest IPO in history.

On Thursday local time, media outlets cited sources saying that SpaceX secretly submitted its IPO application in April and currently plans to publicly disclose its prospectus as early as next week.

The aforementioned sources requested anonymity due to the IPO’s pre-listing quiet period requirements. They revealed that SpaceX plans to start its roadshow on June 8, officially introducing the deal to investors. According to regulations, the prospectus must be made public at least 15 calendar days before the roadshow begins, but SpaceX and its advisors hope to complete the disclosure a bit earlier so investors have ample time to digest the relevant data. The sources added that the timeline may still be adjusted. SpaceX has not commented on this.

This IPO is expected to set a record for the largest in history. In February this year, SpaceX merged with Musk’s AI company xAI, with the combined entity valued at $1.25 trillion. Citing sources, media reported that SpaceX aims to raise around $70 billion to $75 billion, more than double the fundraising record set by Saudi Aramco’s 2019 IPO.

Given the unprecedented scale of the offering, two sources said SpaceX’s advisors are actively exploring unconventional channels, especially targeting retail investors outside the United States who prefer long-term holdings. One insider revealed that this work includes approaching brokers in countries like the UK, Japan, and Canada to secure allotments for their clients.

After years of dormancy, Wall Street’s thirst for IPOs has grown more urgent, and investors are particularly enthusiastic about anything AI-related. AI chip company Cerebras soared 68% on its first day of listing on Thursday, closing with a market value of about $95 billion. AI large model giants OpenAI and Anthropic are also planning to go public as early as this year, with valuations expected to exceed $1 trillion.

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