SpaceX has filed confidentially for an initial public offering, according to people familiar with the matter, bringing billionaire Elon Musk’s rocket, satellite and AI company closer to delivering the biggest-ever listing.

SpaceX is preparing what is expected to be the largest IPO in history as NASA sends up the first Americans to the moon since the last Apollo flight in 1972.

The private aerospace company was formerly headquartered in Hawthorne, but still has a significant presence in the city after its headquarters were moved to Texas.

Elon Musk's rocket and sattelite firm is on track to become the largest U.S. public offering in history.

April 1 (Reuters) - Elon Musk's SpaceX has confidentially filed for its hotly anticipated U.S. initial public offering, a person familiar with the matter told Reuters on Wednesday, taking space exploration from a speculative venture to a mainstream investment theme.

PitchBook estimates SpaceX generated roughly $16 billion in revenue and $7.5 billion in EBITDA in 2025. A $1.5 trillion valuation therefore implies a revenue multiple of approximately 94 times. Decompose that further.

The filing is private, so details such as number of shares being offered and their price are unknown, for now.

The offering is expected to be the largest in history.

Amid SpaceX’s incoming IPO, a former Tesla president spoke to The Prof G Pod about why he thinks there is a “higher than 50% chance” that Musk would merge Tesla with SpaceX (5). Jon McNeill, CEO of DVx Ventures, told the podcast that Musk’s organizing principle is “simplicity.”

The biggest news of the week came from the backlog, though: Elon Musk’s SpaceX ( SPACE) has reportedly submitted a confidential filing ahead of its mammoth IPO. Reports from the prior week indicated that the offering could raise $75 billion.