SpaceX IPO Prospectus Expected Next Week Ahead of Record $1.25 Trillion Debut

SpaceX is preparing to disclose its initial public offering (IPO) prospectus as early as next week, marking a significant step toward what is anticipated to be the largest stock market debut in history. Sources familiar with the matter indicate that the company, which confidentially filed for an IPO in April, aims to begin its investor roadshow on June 8. This timeline follows SpaceX's February merger with xAI, Elon Musk's artificial intelligence startup, which valued the combined entity at $1.25 trillion. The offering is reportedly targeting a raise of $70 billion to $75 billion, surpassing Saudi Aramco's 2019 record. To manage this unprecedented volume, advisers are exploring unique distribution channels, including brokers in the U.K., Japan, and Canada, to engage long-term retail investors. The move capitalizes on renewed Wall Street enthusiasm for AI-related investments, evidenced by Cerebras' recent successful market debut. While the timing remains subject to change during the quiet period, the disclosure is required at least 15 days before the roadshow begins, allowing investors ample time to analyze the financial details of this historic listing.