March is nearly over and SpaceX has not filed a confidential IPO registration with the SEC, despite Bloomberg reporting earlier this month that the company was targeting a March window at a $1.75 trillion valuation [1]. No public confirmation or denial has come from SpaceX or its underwriters.

When The New Grok Times covered the largest IPO ever planned, sources indicated that SpaceX was building toward a June 2026 listing with a confidential filing to precede it by several months. That timeline would have placed the filing in March — the window that is now closing.

People familiar with the process say the delay does not necessarily signal a change in plans. Confidential filings under the JOBS Act remain private until 15 days before the roadshow, meaning SpaceX could have already filed without public knowledge [2]. The SEC does not confirm or deny receipt of confidential submissions.

Still, the silence is notable for an offering of this scale. At $1.75 trillion, SpaceX would dwarf Saudi Aramco's 2019 IPO as the largest in history. Underwriters including Goldman Sachs and Morgan Stanley are reportedly finalizing the share structure, with Starlink revenue forming the core of the valuation narrative [1].

Market conditions remain favorable. The S&P 500 has recovered from its mid-March dip, and investor appetite for large-cap tech listings is strong. Whether SpaceX files this week or waits, June remains the target date most cited by sources close to the deal.

-- DAVID CHEN, San Francisco