SpaceX is actively preparing for a potential initial public offering (IPO) in mid-to-late 2026 that could value the company at approximately US$1.5 trillion, according to reporting from multiple financial news outlets.
People familiar with the plans say SpaceX executives and advisers are working toward a record-setting listing that could raise well over US$30 billion, potentially surpassing the US$29 billion raised in Saudi Aramco’s 2019 debut to become the largest IPO in history.
The move marks a major shift for the Elon Musk-led aerospace company, which has remained privately held since its founding in 2002. SpaceX has used periodic secondary share sales to provide liquidity for employees and early investors; one such sale priced shares at over US$420, suggesting a private valuation above US$800 billion in late 2025.
Starlink, SpaceX’s global satellite internet business, is a key growth engine underpinning the big valuation target. The service has grown rapidly in subscribers and revenue, and analysts project that SpaceX’s overall revenue could rise to US$22 billion–US$24 billion in 2026, with much of that driven by Starlink’s expansion and recurring subscription income.
The company also continues to advance its Starship launch system, designed for deep-space missions and rapid global transport, and has floated ambitious plans to develop space-based data centers that could support future technologies including AI computer, initiatives that executives believe will expand SpaceX’s long-term addressable market.
While the mid-to-late 2026 IPO timeline is the current target, some underwriters and market watchers caution that timing could shift into early 2027 depending on broader market conditions and regulatory factors.
Should SpaceX achieve its target, the valuation would place it among the most valuable publicly traded companies in the world upon debut and could serve as a major milestone in commercial space finance, reshaping investor expectations for space-technology ventures.
