Elon Musk’s SpaceX is preparing for a 2026 initial public offering that could raise more than $25 billion, according to Bloomberg. The listing would value the company at over $1 trillion, potentially making it one of the most valuable IPOs in history.
Discussions with major banks are already underway, with a potential launch date between June and July 2026. SpaceX plans to use proceeds to develop space-based data centres and invest in advanced chip infrastructure for its growing satellite operations.
Musk had previously said a public listing would only come once Starlink’s revenue became “smooth and predictable.” The satellite unit now drives most of SpaceX’s revenue, projected to climb from $15 billion in 2025 to $22–24 billion in 2026, according to Bloomberg.
If successful, the IPO would rival Saudi Aramco’s $1.7 trillion debut in 2019, marking a new milestone in global markets. Despite Musk’s recent dismissal of secondary sale reports valuing SpaceX at $800 billion, the company remains the most valuable private firm in the world, competing head-to-head with OpenAI.
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