Not only is SpaceX a one-of-a-kind company, but its debut on the public market will do two things that are rarely seen before in an IPO. One could be a big deal for retail investors.

April 1 (Reuters) - Elon Musk's SpaceX has confidentially filed for its hotly anticipated U.S. initial public offering, a person familiar with the matter told Reuters on Wednesday, taking space exploration from a speculative venture to a mainstream investment theme.

The private aerospace company was formerly headquartered in Hawthorne, but still has a significant presence in the city after its headquarters were moved to Texas.

Elon Musk said Tuesday that being an outsider to both aerospace and auto manufacturing was precisely what allowed SpaceX and Tesla Inc. to do what established rivals had not. Musk Says Outsider Status Drove Breakthroughs In a post on X,

The Texas-based company could go public with a valuation of more than $1.75 trillion, making it the largest IPO in history.

SpaceX has filed confidentially for an initial public offering, according to people familiar with the matter, bringing billionaire Elon Musk’s rocket, satellite and AI company closer to delivering the biggest-ever listing.

Elon Musk’s space exploration company has filed preliminary paperwork to sell shares to the public, according to two sources familiar with the filing, a blockbuster offering that is likely to rank as the biggest ever and make its founder the world’s first trillionaire.

SpaceX played a pivotal role in transforming the space industry by way of its reusable rockets and Starlink satellite internet service. The swirling rumors of a SpaceX IPO are one of the few topics that have investors excited in an otherwise turbulent stock market.

SpaceX CEO Elon Musk said on Friday that the company's next Starship test flight will take place in May and not April as originally scheduled.

The reusable rocket and space exploration company confidentially filed for its IPO with the SEC, Bloomberg News reported on Wednesday. Though details won’t be available until closer to its official listing, The Information and Bloomberg reported earlier that SpaceX was expected to raise up to $75 billion in its offering.

SpaceX sent the complaint to the FCC, even though the company launched some of the Amazon Leo satellites using its Falcon 9 rocket.