SpaceX has reportedly taken another step toward the largest initial public offering (IPO) in history by confidentially filing draft registration documents with the U.S. Securities and Exchange Commission (SEC).
The IPO could value the private American aerospace manufacturer and space transportation company founded in 2002 by Elon Musk at more than US$1.5 trillion (A$2.2 trillion), according to media reports.
The company is looking to raise up to $75 billion, which would be more than three times the size of the biggest United States IPO to date, CNBC reported in this story.
The filing puts the company on track for a June listing, Bloomberg wrote in this article.
SpaceX and Musk, the world’s wealthiest person with a net worth of almost $840 billion, have not formally confirmed the reports, which are based on anonymous sources.
The company, established to develop and operate reusable rockets, will host an analyst day on 21 April, including a visit to its "Macrohard" xAI data centre in Memphis, Tennessee, two days later, according to this Reuters story.
SpaceX will have to release a public filing at least 15 days before its IPO road show.
A confidential filing allows companies to submit their financial statements to the SEC for regulatory review before revealing them to the public and prospective investors.
SpaceX was valued at $1.25 trillion in February after it acquired artificial intelligence business xAI, another company run by Musk.
The company has reportedly also started to talk to analysts in a sign it is preparing for a potential roadshow.
The listing comes after SpaceX merged with xAI in a deal that valued the rocket company at $1 trillion and the developer of the Grok chatbot at $250 billion.
When SpaceX eventually lists, Musk will become the first person to run two separate trillion-dollar publicly traded companies including Tesla, the electric vehicle, energy and technology company, which is capitalised at around $1.4 trillion.
