SpaceX is preparing for the next stage of its IPO process, with investor briefings expected in April as the company moves toward a possible public listing. Elon Musk is also discussing a plan that may reserve up to 30% of the offering for retail investors. Reports say the company could seek a valuation above $1.75 trillion and raise as much as $75 billion.
The planned offering is drawing attention due to its size and structure. The April meetings are expected to provide investors with more information about the business, the proposed valuation, and the offering process. The size, timing, and final structure of the IPO have not been finalized.
SpaceX is expected to hold executive briefings with potential investors in April. These meetings are meant to gauge investor interest before the IPO progresses. They are expected to take place in the weeks after the Easter holiday.
The company has already held informal discussions with some investors. The next round of meetings is expected to provide more information about the business, its financial position, and the valuation target linked to the planned offering.
Advisers are also working on a possible confidential filing. Current reports point to June as the target for the IPO. However, the filing date and listing timeline may still change.
A key part of the reported IPO structure is the proposed retail allocation. Elon Musk is discussing a plan that may set aside up to 30% of the shares for retail investors. That would be higher than the share usually given to individual investors in large US public offerings.
The reported plan aims to give retail investors a bigger role in the IPO. The final retail percentage has not been confirmed, and the structure remains under discussion.
SpaceX Chief Financial Officer Bret Johnsen has reportedly been communicating parts of the plan to Wall Street. Some banks are also said to be receiving specific roles, with certain firms focused on retail distribution and others handling regional investor demand.
SpaceX could seek a valuation of more than $1.75 trillion in the IPO. At that level, the company would rank among the largest listed firms in the United States by market value. The offering could also raise up to $75 billion.
Investors are expected to focus on the numbers used to support that target. SpaceX’s launch business and Starlink satellite unit are expected to remain the main sources of revenue. Reports also say the company’s AI unit is projected to contribute a smaller share in 2026.
Several major banks are being lined up for senior roles on the IPO. Other banks are also expected to support orders in international markets. The size of the offering, the final bank roles, the retail allocation, and the listing date remain open.