SpaceX Preparing Confidential IPO Filing, Targets $1.75T+ Valuation

SpaceX is preparing a confidential draft registration with the U.S. SEC and could file as early as March, aiming to support a possible June IPO. Insiders say the company targets a valuation above $1.75 trillion and could raise tens of billions, citing roughly $15–16 billion in 2025 revenue and about $8 billion in profit that underpin recent private-transaction valuations. Bank of America, Goldman Sachs, JPMorgan and Morgan Stanley are reported to be engaged for senior roles. Core strengths driving investor interest include Falcon 9 launch dominance, long-term U.S. government and NASA contracts, and rapid growth of the Starlink satellite broadband business. SpaceX has also integrated AI and cloud strategies — including the xAI acquisition and a Microsoft partnership pairing Starlink with cloud programs — and is preparing a new Starship test at Starbase. The confidential filing route lets SpaceX refine disclosures before a public listing. For crypto traders, the most relevant points are Starlink’s expanding role in global connectivity and partnerships that could increase demand for decentralized or blockchain-based telecom and cloud services, possible secondary-market activity around SpaceX-related private tokens or equity, and broader investor appetite for aerospace, satellite broadband and AI-linked assets that may shift capital flows across technology and crypto sectors.