SpaceX plans to secretly file for an initial public offering (IPO), potentially valuing the company at over USD 1,750 billion, Bloomberg reported on 27/2, citing close sources. The filing could take place as early as March and would represent one of the world's largest IPOs. However, plans are subject to change, and SpaceX could delay the listing.

Reuters also cited sources stating that the IPO could occur by June, aligning with the reported March filing plan. Investors are preparing for an IPO surge this year, as several highly valued tech firms, such as SpaceX, OpenAI, and Anthropic, are preparing to go public.

Starship rocket during a high-altitude test flight. *Photo: SpaceX*

Musk is also expected to conduct a test launch of the new-generation Starship rocket in March, following months of hiatus to address technical issues. The new version will incorporate hundreds of upgrades.

To date, 11 SpaceX test launches since 2023 have garnered significant attention. Some events were attended by important figures.

SpaceX last year reported approximately USD 8 billion in profit on revenues of USD 15-16 billion, according to Reuters sources. Its satellite internet service, Starlink, contributed 50-80% of total revenue. Starlink is developing new services, including direct-to-device internet connectivity, Starlink-branded phones, and more.

Earlier this year, SpaceX completed the acquisition of artificial intelligence (AI) startup xAI in an all-stock deal. Following the merger, the new company was valued at USD 1,250 billion.

This marks the second time in less than one year that two of Musk's companies have merged. Last March, Musk announced the consolidation of xAI with X. At that time, xAI was valued at USD 80 billion, and X at USD 33 billion. However, Musk's dual role as both buyer and seller in these transactions has raised questions regarding the valuations he set.

By Ha Thu (via Reuters)