SpaceX Eyes 2026 IPO That Could Top $1 Trillion Value

SpaceX is laying the groundwork for a 2026 initial public offering that could raise more than $25 billion and value Elon Musk’s rocket and satellite company at over $1 trillion, according to multiple reports. If it proceeds on that scale, the listing would rank among the largest in history and mark a rare public debut for a company already valued like a tech giant.

What Happened

People familiar with the plans say SpaceX has begun early discussions with banks about an offering as soon as mid-2026, with timing around June or July under consideration. Reuters reports the company aims to raise north of $25 billion and could debut at a valuation above $1 trillion. The proceeds, Bloomberg previously reported and Reuters referenced, may help fund space-based data center ambitions and related chip purchases—an area Musk has recently talked up to investors.

Why It Matters

A SpaceX flotation of that size would be a milestone for the public markets and for the commercial space industry. It would test investor appetite for a company that straddles launch services and global connectivity via Starlink, and it would sit alongside the market’s biggest debuts in dollar terms. Saudi Aramco raised about $29 billion in 2019, still the all-time record. SpaceX’s move would also give public investors exposure to the broader shift toward reusable rockets and satellite broadband at global scale.

The Backdrop

The Wall Street Journal recently reported that SpaceX is running a secondary share sale valuing the private company at roughly $800 billion, offering employees and early holders liquidity without tapping the public markets. That internal transaction—separate from any IPO—illustrates the private-market demand that has supported SpaceX’s soaring valuation. Musk has at times pushed back on specific valuation chatter, but interest remains strong as Starlink’s subscriber base and revenue expand. Reuters adds that SpaceX revenue could approach the mid‑$20 billions in 2026, with Starlink contributing the majority.

Taken together, the developments suggest SpaceX is preparing optionality: continue periodic private liquidity while putting the pieces in place for a blockbuster listing when market conditions align. The company has not commented publicly on the timing or structure, and any plan could shift with markets and business milestones.

What’s Next

Bank mandates, regulatory filings and market windows will determine whether mid‑2026 is feasible—or whether the timetable drifts. Watch for further details on the secondary sale terms, Starlink’s operating performance, and progress on Starship, each of which could influence eventual IPO sizing and valuation. For now, a secondary share sale valued SpaceX at $800 billion provides the latest marker ahead of a potential market debut.

Sources

• SpaceX to pursue 2026 IPO raising above $25 billion, source says — Reuters (December 9, 2025)
• SpaceX in Talks for Share Sale That Would Boost Valuation to $800 Billion — Wall Street Journal (December 5, 2025)
• SpaceX reportedly planning 2026 IPO with $1.5T valuation target — TechCrunch (December 9, 2025)