SpaceX, the Elon Musk-led aerospace and satellite internet company, is reportedly preparing to pursue an initial public offering (IPO) in 2026 that could value the firm at approximately US $1.5 trillion, according to multiple media reports citing people familiar with the matter.
Plans under discussion would see SpaceX seek to raise more than $30 billion in the IPO, potentially making it the largest public offering in history if executed at those levels, eclipsing the $29 billion record set by Saudi Aramco in 2019.
The proposed timeline targets mid- to late 2026 for the listing, with the company in talks with banks as part of its preparations, sources told Bloomberg. A successful offering could propel SpaceX’s valuation into the same tier as some of the world’s largest corporate franchises.
SpaceX’s projected valuation reflects significant growth in its core businesses, led by its Starlink satellite broadband service, which is expected to contribute the majority of the company’s revenue. Analysts cited in reports project SpaceX revenues rising from roughly $15 billion in 2025 to $22 billion–$24 billion in 2026, underpinning investor appetite for a public debut.
The IPO discussions come after years of speculation about SpaceX’s public-listing plans. Previous statements from Musk and company executives signalled that going public could follow more predictable revenue streams, particularly for Starlink, but the recent push suggests a broader listing of the entire company rather than a spin-off of individual units.
At present, SpaceX remains one of the most valuable privately held technology companies globally, with secondary share transactions in 2024 and 2025 placing private valuations in the hundreds of billions of dollars. The reported $1.5 trillion target would mark a substantial increase from those private valuations.
Despite widespread reporting, SpaceX has not officially confirmed IPO plans or valuation targets, and company executives have historically declined to provide detailed public guidance on long-term listing strategies. Observers note that market conditions and regulatory considerations could influence the final structure and timing of any public offering.
If realised, a SpaceX IPO at a $1.5 trillion valuation would not only set a new benchmark for public offerings globally but also solidify the company’s transition from a privately financed rocket and satellite operator into a cornerstone of publicly traded technology infrastructure.
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