SpaceX Preparing for 2026 IPO Valued Over $1 Trillion
SpaceX is reportedly preparing for an initial public offering (IPO) in 2026, with investment banks having been approached regarding the flotation, according to a Reuters report citing an unnamed source. The offering could raise more than $25 billion and potentially value the company at over $1 trillion. Bloomberg reports a target valuation closer to $1.5 trillion, with the potential to raise significantly more than £30 billion.
The proceeds from the listing are expected to be used to fund space-based data centres, including the purchase of chips to operate them. SpaceX’s revenue is forecasted to reach approximately $15 billion in 2025, rising to between $22 billion and $24 billion in 2026, primarily driven by the Starlink satellite internet service.
Elon Musk has dismissed earlier reports suggesting an $800 billion private valuation, emphasizing that SpaceX has been cashflow positive for several years and conducts stock buybacks twice annually to maintain liquidity. Increments in the company’s valuation will depend on progress with Starship and Starlink projects, as well as securing global direct-to-cell spectrum.
The planned flotation is noted to potentially rival the scale and ambition of Aramco’s 2019 stock market listing.
