SpaceX, the space exploration firm founded by Elon Musk, is preparing to pursue an initial public offering valued at more than $25 billion in 2026, which could elevate the company’s overall market worth beyond $1 trillion, according to a source with knowledge of the matter.
The highly anticipated listing, which may unfold as soon as June or July next year, would place SpaceX among the world’s most significant IPOs, fueled largely by the swift growth of its Starlink satellite internet division.
The expansion includes not only its existing operations but also plans for direct-to-mobile connectivity and continued advancements in the Starship rocket initiative aimed at supporting lunar and Martian projects.
SpaceX is currently engaging with multiple banks to coordinate the upcoming sale of shares, the source added.
As of now, the company ranks as the second-highest valued privately held startup globally, trailing only ChatGPT creator OpenAI, data compiled by Crunchbase show.
Proceeds from the anticipated IPO would largely go toward advancing the firm’s plans for space-based data centers, including investments in specialized chips needed for those operations, Bloomberg News said. Bloomberg was first to report details surrounding SpaceX’s potential offering.
