Some Elon Musk fans have long imagined a future where his empire operates as one giant machine. That idea may be inching closer to reality, as SpaceX is reportedly targeting a mid June IPO while also weighing a possible merger with Tesla or xAI.
In classic Musk fashion, the company is said to be eyeing a public debut timed with a close alignment of Jupiter and Venus, which astronomers say will occur around June 9. The symbolism is playful, but the numbers behind the move are anything but. SpaceX is reportedly aiming to raise as much as 50 billion dollars at a valuation near 1.5 trillion dollars.
Bigger Than Big
At that size, SpaceX would instantly become one of the most valuable companies ever to go public. The only IPO to debut at a higher valuation was Saudi Aramco, which listed at around 1.7 trillion dollars, though only a tiny fraction of its shares were available to public investors.
If SpaceX hits its fundraising goal, it would also set a record for the largest amount of capital ever raised in an IPO. Even OpenAI, which is also exploring a blockbuster listing, might struggle to match that scale.
The Musk Megaplanet Theory
A merger between SpaceX and Tesla or xAI would create an entirely new kind of corporate structure, one centered almost entirely around Musk’s long term bets on AI, energy, autonomy, and even space based data centers. Pulling that off would be extremely complex, especially since Tesla is already public, but the strategic appeal is clear. A unified structure could make it easier to move capital, technology, and talent across Musk’s ecosystem.
Even without a merger, the IPO alone would reshape markets. Retail investors are already piling into funds that hold private SpaceX shares, and Musk himself would be the biggest winner. With roughly a 42 percent stake, his holdings in SpaceX could be worth over 600 billion dollars at the targeted valuation, far exceeding the value of his Tesla stake.
Whether it launches solo or as part of a Musk supergroup, SpaceX is on track to become one of the most powerful gravitational forces in public markets.