According to Bloomberg and WSJ sources, Elon Musk’s SpaceX has already confidentially filed its IPO, putting the blockbuster stock offering ahead of schedule. The unnamed sources stated that the space company submitted its draft IPO registration to the US Securities and Exchange Commission. The filing puts it on track for a July listing, which would make SpaceX the first of what could be a trio of mega-IPOs, ahead of OpenAI and Anthropic PBC.

SpaceX has not publicly commented on the report. Shares in fellow Elon Musk-founded company Tesla (TSLA) did climb over 2.5% shortly after the reports came out. Because SpaceX filed its paperwork confidentially, as is customary these days, most investors will have to wait until closer to the IPO to see the company’s financial performance. The confidential process allows regulators and companies to engage in a back-and-forth dialogue about disclosures as they wrap up the paperwork.

Furthermore, unnamed sources close to the IPO have also said that SpaceX selected five banks to lead the IPO offering: Bank of America, Citigroup, Goldman Sachs, JPMorgan Chase, and Morgan Stanley. Last month, Bloomberg reported that SpaceX plans to file for an IPO at a $1.75 trillion valuation, one of the biggest in history. At a $1.75 trillion market value, SpaceX would be bigger than all but five of the companies in the S&P 500 Index — Nvidia Corp., Apple Inc., Alphabet Inc., Microsoft Corp., and Amazon.com Inc. It would be larger by that metric than Meta Platforms Inc., as well as Musk’s own Tesla Inc.

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The space giant combined with Musk’s AI company xAI in February, which further boosted the potential Super IPO’s value. The firm has also targeted as much as $75B in funding before the IPO. Once made public, SpaceX’s filing is expected to shed light on the combined company’s operations, which now range from satellite factories and launchpads to xAI’s sprawling facility in Memphis.