Elon Musk’s space company SpaceX is reportedly planning a stock market listing in coming months that could raise up to $30 billion and value the business at around $1.5 trillion, making it the largest ever initial public offering.
The IPO could take place in mid-to-late 2026, Bloomberg reported, with discussions already underway with investment banks. Reuters suggested a listing could occur as early as June or July next year.
Proceeds would reportedly be used to fund the company’s space-based data centres, including hardware procurement.
SpaceX is expected to generate around $15 billion in revenue in 2025, rising to as much as $24 billion in 2026, with much of that attributed to its Starlink satellite internet division.
Recent reports also pointed to a secondary share sale valuing the company at $800 billion, though Musk said on social media that valuations depend on Starship and Starlink progress, and that the company has been cashflow positive for years.
The flotation would rank among the largest in history, potentially surpassing Saudi Aramco’s 2019 listing, which raised $29 billion at a $1.7 trillion valuation.