TLDR
- SpaceX is planning an initial public offering for June or July 2026 to raise more than $25 billion
- The company is targeting a valuation over $1 trillion, with some reports suggesting up to $1.5 trillion
- SpaceX has begun talks with banks about the public listing and expects revenues between $22-24 billion in 2026
- Funds from the IPO will be used to develop space-based data centers and purchase necessary computing chips
- A recent secondary share sale valued SpaceX at $800 billion, though Elon Musk disputed media reports about this valuation
Elon Musk’s SpaceX is moving forward with plans for a public offering next year. The aerospace company has started discussions with banks about listing shares around June or July 2026.
SpaceX aims to raise more than $25 billion through the offering. The company is targeting a valuation exceeding $1 trillion, according to sources familiar with the matter.
BREAKING: Elon Musk's SpaceX is reportedly preparing for an IPO in 2026 that would raise $30 billion and value the company at $1.5 trillion.
This would make SpaceX the largest IPO in history. pic.twitter.com/3WyT5l5lVH
— The Kobeissi Letter (@KobeissiLetter) December 9, 2025
This marks a shift from Musk’s previous statements about taking only the Starlink division public. In 2020, Musk said SpaceX would list Starlink once its revenue became smooth and predictable.
The company has not responded to requests for comment about the IPO plans. Bank discussions are currently underway to prepare for the mid-2026 timeline.
SpaceX expects to generate around $15 billion in revenue during 2025. Revenue projections for 2026 range between $22 billion and $24 billion, with most income coming from the Starlink satellite internet service.
Plans for Space-Based Data Centers
Proceeds from the public listing will fund development of space-based data centers. The company plans to purchase chips needed to operate these facilities.
Musk discussed his interest in this concept during a recent Baron Capital event. The space-based data center idea represents a new business direction for the company.
If SpaceX achieves a $1 trillion valuation, it would join an exclusive group. Saudi Aramco remains the only company to complete an IPO at or above $1 trillion, debuting in December 2019 at $1.7 trillion.
Some reports suggest SpaceX could target valuations as high as $1.5 trillion. This would make it the largest IPO in history, surpassing Saudi Aramco’s record.
Recent Valuation Activity
Last week, reports emerged about SpaceX launching a secondary share sale valuing the company at $800 billion. This would position it against OpenAI as the most valuable private company.
Musk disputed these reports on social media Saturday. He called the valuation figures inaccurate without providing alternative numbers.
The secondary sale reportedly allows employees to sell shares at $420 each. The total transaction size would reach approximately $2 billion.
SpaceX continues to expand its business through both Starlink satellite deployments and rocket launch services. The company serves government and commercial clients with its reusable Falcon 9 and Falcon Heavy rockets.
The 2026 IPO timeline gives SpaceX over a year to prepare financial disclosures. Public companies face stricter reporting requirements than private firms.
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