SpaceX prepares $30+ billion IPO with $1.5 trillion valuation in 2026
SpaceX is accelerating towards one of the largest IPOs in history, planned for mid to late 2026, with a valuation that could reach $1.5 trillion. The company, a partner of NASA, relies on fast-growing revenues and innovative projects such as Starlink and the Starship super-rocket. The listing could revolutionise the space and financial sector, attracting global attention. Details on internal strategies and the impact on the market emerge in this in-depth article
2026 could be the year for Elon Musk's second company to land on Wall Street. According to reliable sources, SpaceX is accelerating towards a deal that could become the most impressive IPO in history. The aerospace company is working on a $30 billion-plus IPO, with the goal of achieving a total valuation of around $1.5 trillion. A figure that would bring the company closer to the levels set by Saudi Aramco in 2019, when the Saudi oil company raised $29 billion in its Riyadh debut.
According to rumours, SpaceX management has identified a time window of mid-2026 to the end of the same year, for the debarkation. With the possibility of a postponement to 2027 depending on market conditions. And although there is still no official confirmation from the Texan company, the news of the future IPO has pushed up the stocks of other space companies, such as EchoStar (+12% intraday) and Rocket Lab (+4.3%).
The decision to accelerate the path to the public markets follows weeks of internal work: Musk and the board made detailed plans on the structure of the deal and the allocation of the capital raised. All this while the company completed a new round of internal share sales, also used to update the market valuation. SpaceX set the stock price at around $420 per share, bringing the capitalisation well above the previously reported $800 billion. Employees were allowed to sell up to $2 billion in stock, with buybacks also made by the company itself.
Financially speaking, the company - by now a very loyal partner of Nasa - will generate about 15 billion dollars in revenues in this 2025, set to grow to between 22 and 24 billion next year. The lion's share of the revenue comes from Starlink, the satellite connectivity service that is developing extremely rapidly, thanks in part to the prospects of the direct-to-mobile business. Added to this is the progress of the Starship programme, the super-rocket intended for missions to Mars and the Moon.
Certainly, in short, Starlink's IPO is expected on Wall Street as one of the most important events in recent years. Because what is at stake is a company in the hands of Elon Musk (not exactly the latest arrival...), but also one of the most innovative companies. Suffice it to say that part of the capital raised through the future IPO will be allocated, according to various sources, to the creation of data centres in space. A project that will also require the purchase of dedicated chips and that Musk mentioned recently during an event with Baron Capital.
