Elon Musk’s rocket, satellite and artificial intelligence company aims to kick off formal marketing as soon as June 4, price its initial public offering as early as June 11 and list on June 12, one of the people said, asking not to be identified as the information isn’t public.
Details of the IPO including the size and timing could still change, the people said. A representative for SpaceX didn’t immediately respond to a request for comment.
The company’s rocket launch program and Starlink satellites generate the majority of revenue, approaching $20 billion in 2026, with xAI likely to generate less than $1 billion, according to Bloomberg Intelligence.
A SpaceX IPO promises to be a huge market spectacle as investors get a chance to buy into Musk’s fast-evolving vision to create a combined space and AI powerhouse, driving toward his often-repeated goal of “making life multiplanetary.”
