Elon Musk’s SpaceX has filed for an initial public offering (IPO). It is expected to be the largest in Wall Street history.
Goldman Sachs will be the lead arranger for the company’s IPO. In February 2026, after merging with xAI (Elon Musk’s artificial intelligence startup), SpaceX was valued at $1.25 trillion.
Elon Musk’s controlling stake in the company could be worth more than $600 billion. In 2025, Musk becomes the first person to have a net worth exceeding $500 billion, meaning SpaceX’s IPO could add even more to his total wealth and make him a trillionaire.
SpaceX has become the first of three artificial intelligence giants expected to go public this year. The other two are OpenAI and Anthropic (chatbot Claude developer). Three days ago, Musk lost a lawsuit against OpenAI and its president, Sam Altman. The SpaceX founder accused Altman of deception for taking OpenAI to commercial status after Musk invested millions of dollars in it.