SpaceX: Now the 6th Largest Company Globally | Apple, Microsoft & Amazon Ranked

Elon Musk’s SpaceX is preparing for a potential Initial Public Offering (IPO) that could value the company at up to $2 trillion, according to reports on Friday, April 3, 2026. If successful, this listing would instantly rank SpaceX among the six most valuable companies globally, trailing only Nvidia, Apple, Alphabet (Google’s parent company), Microsoft and Amazon.

The move follows SpaceX’s recent merger with Musk’s artificial intelligence startup, xAI, creating a combined tech powerhouse focused on rockets, satellites, and AI systems. The company has reportedly secured the backing of major Wall Street banks – Citigroup, Goldman Sachs, JPMorgan Chase, Morgan Stanley, and Bank of America – to manage the offering, signaling the scale and complexity of the anticipated IPO.

SpaceX’s Potential Market Position

Currently, Apple holds the top spot in global market capitalization with $3,674 billion as of February 18, 2025, followed by NVIDIA CORPORATION at $3,400 billion and Microsoft at $3,036 billion. SpaceX’s potential $2 trillion valuation would place it above Tesla, currently valued at $1,145 billion, and Meta, the parent company of Facebook.

According to a report from the Daily Mail, SpaceX has confidentially filed for the IPO. The company is aiming for a valuation exceeding $1.75 trillion. This figure surpasses the $1.25 trillion valuation applied when it acquired xAI in February.

Financial Implications and Future Plans

Bloomberg News projects that the listing could raise as much as $75 billion, easily surpassing the previous record of $29 billion set by Saudi Aramco in 2019. Elon Musk is expected to utilize the proceeds from the IPO to fund the development of a space-based AI data center and the construction of a factory on the Moon.

SpaceX generates revenue through its Starlink satellite-based internet service and its Starship program, a next-generation heavy-lift spacecraft. The company is reportedly targeting an IPO in June and has submitted a draft registration statement to the United States Securities and Exchange Commission (SEC).

‘Omniscaling’ Companies and the Changing Global Economy

SpaceX’s anticipated IPO comes as a number of companies are reshaping the global economy through a phenomenon described as “omniscaling.” This refers to companies that are rapidly expanding into multiple sectors and achieving massive scale. While the specific companies identified as ‘omniscaling’ were not detailed in the provided sources, SpaceX’s move into AI with the xAI merger exemplifies this trend.

The potential valuation of SpaceX highlights the growing investor interest in both space exploration and artificial intelligence. The merger with xAI suggests a strategic move to capitalize on the synergies between these two rapidly evolving fields.

SpaceX’s Rise and Market Impact

SpaceX, led by Elon Musk, has become a dominant force in the aerospace industry, disrupting traditional launch services and pioneering reusable rocket technology. The company’s success with Starlink has also positioned it as a major player in the satellite internet market.

If SpaceX completes a successful listing, We see expected to become the sixth-largest company by market capitalization among constituents of the S&P 500 Index. This would mark a significant milestone for the company and further solidify Musk’s position as a leading figure in the technology industry.

The IPO is expected to have a significant impact on the stock market, potentially attracting a large influx of investment and further fueling the growth of the space and AI sectors.