SpaceX is expected to go public in June, with a valuation potentially exceeding $1.75 trillion.

Sources familiar with the matter revealed that SpaceX has secretly filed for an IPO, bringing it one step closer to becoming the largest IPO in history. The sources said SpaceX has submitted a draft IPO registration statement to the U.S. Securities and Exchange Commission (SEC) and is expected to list in June, becoming the first of three potential mega-IPOs, ahead of OpenAI and Anthropic. The sources indicated that SpaceX may seek a valuation exceeding $1.75 trillion in its IPO. The company previously acquired Musk's artificial intelligence startup xAI, bringing the combined entity's valuation to $1.25 trillion. Details of the listing, including the number of shares to be sold and the price range, are expected to be disclosed in subsequent filings. SpaceX's IPO could raise as much as $75 billion, far exceeding the current record holder Saudi Aramco's $29 billion in 2019. The sources said that banks including Bank of America, Citigroup, Goldman Sachs, JPMorgan Chase, and Morgan Stanley will serve as the lead underwriters for the IPO. (Jinshi)