SpaceX has confidentially filed for an initial public offering with the U.S. Securities and Exchange Commission, positioning for a potential June 2026 listing, according to people familiar. The company could seek a valuation above $1.75 trillion and raise up to $75 billion, surpassing Saudi Aramco’s debut. Backed by major banks, the IPO would fund Starship development, space-based AI data centers and lunar ambitions, while potentially adopting a dual-class share structure favoring Elon Musk.