SpaceX Plans 2026 IPO at $1.5T Valuation

SpaceX, the aerospace company founded by Elon Musk, is preparing for an initial public offering as early as mid-to-late 2026, aiming to raise more than $30 billion at a valuation of approximately $1.5 trillion, according to people familiar with the matter. The move would mark the largest IPO in history, surpassing Saudi Aramco's $29 billion listing in 2019, and represent a shift from earlier plans to spin off the Starlink satellite internet unit separately.

The company's management and advisers are targeting the full listing of SpaceX, with proceeds intended to fund ambitious projects such as space-based data centers, including the acquisition of necessary computing chips. Musk expressed interest in this concept during a recent discussion at an event hosted by Baron Capital. However, the timeline remains flexible, potentially extending into 2027 depending on market conditions and other variables, the sources said.

SpaceX anticipates generating about $15 billion in revenue for 2025, rising to between $22 billion and $24 billion in 2026, with the bulk derived from Starlink's broadband services. The satellite constellation has become the company's primary revenue source, outpacing...