No, SpaceX Has Not Had an IPO — The Company Isn't Even Public

The claim is straightforward, and so is the verdict: SpaceX has never held an initial public offering. There are no SpaceX shares trading on any public stock exchange, no $135 share price, and no $75 billion IPO valuation. The whole premise is fiction.

The most basic check kills this claim immediately. The SEC's public database, EDGAR, contains no S-1 registration filing for SpaceX — the document any company must submit before going public in the United States. Reuters confirmed in 2024 that SpaceX remains a privately held company with no public listing on any exchange.

The $75 billion valuation is also wildly out of date even as a rough estimate of SpaceX's worth. According to CNBC, a private tender offer in December 2023 valued the company at around $180 billion. By late 2024, Bloomberg reported that figure had climbed to approximately $350 billion. SpaceX is one of the most valuable private companies on Earth — but private is the key word.

Elon Musk has repeatedly said he has no near-term plans to take SpaceX public. The company raises money through private funding rounds and internal tender offers, which allow existing employees and investors to sell shares without opening the company to public markets. That's a very different thing from an IPO.

This kind of misinformation spreads fast because it sounds plausible and taps into real excitement. SpaceX is genuinely prestigious, Musk is constantly in the news, and retail investors are always hungry to get in early on the next big thing. If you see a specific share price and valuation attached to a SpaceX IPO story, treat it as a red flag. A real IPO would be front-page financial news — not something you'd first hear about in a social media post.