Elon Musk's SpaceX has confidentially filed for a US initial public offering, a person familiar with the matter told Reuters on Wednesday, setting the stage for what could become the largest stock market listing on record. Musk, the world's richest person, runs a sprawling business empire that spans electric vehicles, space and satellite ventures, AI and social media. SpaceX is the world's most valuable privately held company, based on the valuation implied by its merger deal with xAI. Questions about Musk's ability to oversee multiple companies with market values exceeding $1 trillion could temper investor enthusiasm, analysts say. SpaceX generated about $8 billion in profit on $15 billion to $16 billion of revenue last year, Reuters reported in January, citing people familiar with the matter.

Source: The Telegraph April 01, 2026 18:49 UTC