SpaceX is reportedly gearing up for what would be the largest initial public offering in history, with plans to list on the NASDAQ as early as next month at a valuation that could reach $1.75 trillion to $1.8 trillion.

To put that number in perspective: Saudi Aramco’s 2019 IPO raised $29 billion and was considered a once-in-a-generation market event. SpaceX is reportedly targeting a raise of up to $75 billion.

From private darling to public behemoth

SpaceX’s valuation trajectory reads like a venture capitalist’s fever dream. The company was valued at roughly $350 billion as recently as May 2025. By February 2026, that figure had reportedly climbed to approximately $1.25 trillion, a more-than-threefold increase in under a year.

Now the company appears to be targeting an even higher number for its public debut. The jump from $1.25 trillion to $1.75 trillion or higher in just a few months would represent the kind of valuation expansion that usually takes blue-chip companies a decade to achieve.

A successful listing could also fast-track SpaceX’s inclusion in the Nasdaq-100 index. That matters because index inclusion triggers automatic buying from the trillions of dollars in passive funds that track major indices.

The Musk factor and crypto spillover

Dogecoin, the memecoin that Musk has repeatedly championed, tends to move on Musk-adjacent news. The SpaceX IPO would represent the single biggest Musk-related financial event in years, potentially supercharging speculative interest in DOGE and other tokens loosely tied to the Musk ecosystem.

A $75 billion capital raise would have real liquidity implications across markets. Money flowing into a SpaceX IPO has to come from somewhere, and large institutional allocations could temporarily reduce capital available for other risk assets, crypto included.

What investors should actually watch

SpaceX generates income from two primary business lines. Its launch services division, powered by the reusable Falcon 9 and the in-development Starship, handles both commercial satellite deployments and NASA contracts. Its Starlink satellite internet division has been the faster-growing revenue driver, expanding its subscriber base globally and increasingly targeting enterprise and government customers.

It’s also worth noting that no SEC filing for a SpaceX IPO has been publicly confirmed as of the latest available information. Until that paperwork appears, the timeline remains fluid.