SpaceX Aims for $75 Billion IPO Following xAI Merger

SpaceX, Elon Musk's aerospace manufacturer, is preparing for an initial public offering that would raise $75 billion, according to company plans announced recently. The offering would mark the first of three expected major IPOs from artificial intelligence-focused companies this year.

Musk merged SpaceX with his AI startup xAI ahead of the planned offering. The combined company aims to capitalize on investor appetite for artificial intelligence ventures while expanding its rocket development and launch operations.

The $75 billion target would position SpaceX's IPO among the largest ever, reflecting both the company's existing market valuation and investor expectations for the combined entity's growth prospects. SpaceX has conducted numerous test flights of its Starship rocket system, most recently from its Starbase facility in Texas in May.

Two additional AI-related companies are expected to launch IPOs later this year, according to market observers, though those companies have not publicly confirmed their timelines or fundraising targets.

SpaceX has previously operated as a private company, with funding coming from government contracts, private investors, and company revenue from commercial satellite launches and astronaut transport missions.