Elon Musk’s SpaceX has confidentially filed for an IPO with US regulators, targeting a June listing that could become the biggest ever. The company may seek a valuation above $1.75 trillion and raise up to $75 billion. Its satellite arm Starlink and recent xAI merger are key drivers behind the expected record-breaking debut.

Elon Musk's rocket and AI company SpaceX has confidentially filed for an initial public offering (IPO) with the US Securities and Exchange Commission (SEC), setting the stage for what could be the largest stock market debut in history.

Here are 10 key things readers need to know.

1. The filing is confidential

A confidential filing allows companies to submit their financials to the SEC for regulatory review before revealing them to the public and prospective investors. SpaceX did not respond to a request for comment, and the SEC said it declines to comment on specific companies.