SpaceX ahead of IPO: How Elon Musk unified space, AI, and Bitcoin

SpaceX ahead of IPO: How Elon Musk unified space, AI, and Bitcoin
SpaceX prepares for an IPO

​While the world watches the United States send astronauts to the Moon for the first time in half a century, investors are focused on another “space” event. Elon Musk’s SpaceX is preparing for an IPO that could become the largest in stock market history. Amid a new space race and the boom in AI, this offering looks like a bid for leadership in the future economy.

What makes this IPO unique

Elon Musk’s SpaceX has confidentially filed for an initial public offering (IPO) in the United States, Reuters reports citing sources. This type of filing allows the company to work with regulators without publicly disclosing detailed financials.

The offering could take place as early as June 2026. The IPO is estimated at $50 billion to $75 billion, potentially more than doubling Saudi Aramco’s record $29.4 billion listing in 2019. SpaceX’s valuation could reach $1.7–1.75 trillion, placing it among the world’s most valuable technology companies.

Investor interest is strong. Major Wall Street banks—including Morgan Stanley, Goldman Sachs, JPMorgan Chase, Bank of America, and Citigroup—are expected to participate. Up to 30% of shares could be allocated to retail investors, making it one of the most accessible mega-IPOs. Analysts note that the key driver of valuation is Starlink—the satellite internet business with millions of users and stable revenue, which has already become the company’s main income source.

Additional interest is fueled by the broader news cycle around the space industry. On April 1, NASA sent astronauts to the Moon for the first time since 1972: the Artemis II mission, with a four-person crew, is designed as a 10-day lunar flyby and a step toward future landings.

Musk’s empire ahead of going public

Plans for SpaceX’s IPO became known long before the current filing. Back in late 2025, media reports suggested that Musk’s company was preparing one of the largest IPOs in history. According to Bloomberg, the company was targeting a valuation of around $1.5 trillion and raising over $30 billion.

One of the key steps in this preparation was the merger of SpaceX and xAI in February 2026. The combined structure was valued at $1.25 trillion: approximately $1 trillion attributed to SpaceX and $250 billion to xAI. This effectively brought together rockets, satellite communications, and artificial intelligence under one roof.

At the same time, SpaceX has been building a broader investment narrative ahead of the IPO. The company announced plans to develop orbital data centers, as well as the Terafab project—a facility for producing chips for AI, robotics, and space infrastructure in Austin, involving both Tesla and SpaceX.

Bitcoin on SpaceX’s balance sheet

Beyond space and AI projects, SpaceX holds another unusual asset for an aerospace company—Bitcoin. Estimates suggest the company controls between 6,095 and 8,285 BTC, and in late 2025 it moved part of these holdings to Coinbase Prime for custody.

SpaceX began accumulating Bitcoin in 2020–2021, likely at an average price of around $32,000 per coin. At current levels, this represents significant unrealized profit. For SpaceX, holding crypto assets is not just an accounting detail but reflects Elon Musk’s broader approach, as he has long incorporated digital assets into both public narratives and business strategies.

At the same time, Musk’s stance has been pragmatic rather than ideological. He has publicly supported Bitcoin, allowed crypto payments in his companies, and repeatedly influenced markets through posts on X. For him, digital assets are not only speculative instruments but also part of a broader technological shift involving new payment models, internet economies, and future financial infrastructure.

A bet on the new space economy

SpaceX’s IPO is not a typical public listing but a step toward scaling Musk’s broader ecosystem. The company combines rocket launches, satellite communications, artificial intelligence, and even crypto assets into a single model where each component reinforces the others. This integration is what allows SpaceX to justify a valuation above $1 trillion and compete not only with tech giants but with entire industries.

As the United States returns to the Moon and investment in space accelerates, SpaceX is emerging as a central player in the new space economy. In this context, the IPO is not just about raising capital—it is an attempt to secure leadership in a sector that is only beginning to take shape and is already attracting both governments and major private investors.

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