SpaceX plans to submit an IPO application this week.

According to a source familiar with the matter, SpaceX plans to submit its first public offering prospectus to regulators later this week or next week. This secret filing will formalize Elon Musk's rocket and communications company's IPO plan, aiming to go public in June. This IPO will test investor appetite for what is expected to be the largest IPO in U.S. history, with a volume far exceeding previous ones. The source said that advisors involved in the preparation expect the company to raise over $75 billion in the IPO, higher than the previously reported estimate of $50 billion. The company is currently valued at $1.25 trillion, and the actual fundraising amount and valuation will be finalized in the weeks leading up to the IPO.