SpaceX may be going public with a big fundraising target

Bloomberg reports SpaceX confidentially filed a draft IPO registration with the SEC.

If all goes well, SpaceX could be listed by June; details of the draft remain undisclosed.

Mashable, citing anonymous sources also referenced by Bloomberg, says SpaceX may seek a valuation above $1.75 trillion and aim to raise $75 billion.

A $75 billion target would exceed Reuters' earlier $25 billion report but aligns with the Wall Street Journal's $40–$80 billion range; at least 21 banks are working on the IPO, led by Morgan Stanley, Goldman Sachs, JPMorgan Chase, Bank of America and Citigroup.

Earlier this year SpaceX acquired Musk's AI firm xAI, including X; that deal boosted SpaceX's valuation to $1.25 trillion at the time; xAI bought X for $33 billion last March and Musk originally bought X for $44 billion in 2022.