Elon Musk’s SpaceX is looking to raise $80 billion or more in its IPO, a haul that would make it the largest public offering in history.

Elon Musk’s SpaceX is looking to raise $80 billion or more in its IPO, a haul that would make it the largest public offering in history, with The Goldman Sachs Group (NYSE:GS) set to lead the deal. The Wall Street Journal reported on Monday that the $80 billion raise would be roughly three times Saudi Aramco’s $26 billion offering in 2019, the current record. At a valuation of around $1.7 trillion, SpaceX would also rank among the most valuable companies ever to go public. After SpaceX absorbed Musk’s xAI earlier this year, its implied worth jumped from around $1.25 trillion to the $1.75 trillion-to-$2 trillion range now circulating. Starlink, SpaceX’s profit engine, doubled its operating income to $4.42 billion last year, according to Reuters. The newly absorbed xAI does the opposite, posting a roughly $6.4 billion operating loss and burning an estimated $14 billion in cash as Musk reshapes SpaceX into an AI-first company. To move that much stock, SpaceX is leaning on Musk’s retail base, reportedly reserving up to 30% of shares for retail investors against the 5% to 10% typical of large listings. What Prediction Markets Say Polymarket traders give a 77% chance that the IPO is completed by June 15. Polymarket gives a 71% chance that SpaceX will be valued at over $2 trillion. The Risks Behind The Hype Analysts have warned that mega-IPOs often struggle after debut, and a company already worth nearly $2 trillion has far less room to run than a smaller name. A contractor recently died at SpaceX’s Starbase facility in Texas just days before a planned Starship launch. The wealth is already real for some. The Journal reports Darsana Capital Partners, a little-known hedge fund with nearly 60% of its assets in private SpaceX shares, stands to clear over $10 billion. With OpenAI and Anthropic both eyeing IPOs this year, SpaceX filing first looks like a play to soak up the market’s available AI capital and lock in a premium valuation before rivals dilute the pool. Image: Shutterstock

Future spacecraft could use a single propellant to perform both rapid movements and slow, highly controlled adjustments.

The S&P 500 and Nasdaq indexes fell on Tuesday as a rebound in technology shares faded.

Alphabet entered a cloud service agreement with SpaceX to pay $920 million per month for 200 megawatts of capacity from October 2026 through June 2029.