SpaceX, the private aerospace and satellite company founded by Elon Musk, has filed paperwork for an initial public offering that seeks to raise up to $75 billion — a figure that would make it the largest IPO ever conducted in the United States. The filing values the company at approximately $1.77 trillion, a figure derived from its Starlink satellite internet business, launch operations, and defense contracts.

The IPO roadshow is expected to begin in the coming weeks, with SpaceX pitching institutional investors on the strength of its Starlink subscriber base, which has grown into one of the world's largest satellite internet providers, as well as its dominant position in commercial and government launch contracts. The company has long been the most valuable private startup in the world, and the IPO would transition it into public markets after more than two decades of private funding.

If the offering prices at its targeted valuation, Elon Musk's personal stake in SpaceX would push his net worth well beyond $1 trillion, potentially making him the first person in history to reach that threshold. Musk currently leads Tesla, SpaceX, and several other ventures, and his combined holdings have made him the world's wealthiest individual by most estimates for several years running.

The scale of the offering has drawn broad attention across financial markets. A $75 billion raise would surpass previous records set by Saudi Aramco's 2019 IPO, which raised approximately $29.4 billion on international exchanges. Analysts have noted that demand from retail and institutional investors is expected to be substantial given SpaceX's brand recognition and revenue trajectory.

SpaceX has not disclosed a specific share price or timing for when trading would begin, details that are typically finalized during the roadshow process. The company's filing comes amid a broader period of renewed IPO activity in U.S. markets after several years of subdued public offerings due to interest rate pressures and market volatility.