SpaceX Confidentially Files S-1 for $1.75 Trillion IPO — Largest in History, Codename 'Project Apex'

r/singularity / CNBC·high signal

SpaceX filed a confidential S-1 with the SEC on April 1, targeting a $1.75T valuation and $75B raise — dwarfing Saudi Aramco's $29B record listing. The filing follows the February xAI merger ($1.25T combined) and comes on the same day as the Artemis II launch. 21 banks lined up under codename 'Project Apex', targeting June 2026 listing. Reddit discussion on r/singularity (97 upvotes) questions whether Grok's subscriber trajectory justifies roughly a fifth of the entire valuation.