Elon Musk is considering taking SpaceX public as early as mid-2026, with discussions reportedly centered around a valuation of roughly $1.5 trillion, according to people familiar with the matter cited by the Financial Times. If the listing goes ahead, SpaceX could raise up to $50 billion, making it the largest initial public offering in history and surpassing Saudi Aramco’s record-breaking 2019 debut.
Preparations are already underway, with SpaceX chief financial officer Bret Johnsen holding meetings with private investors since late 2025. The company was last valued at about $800 billion during a secondary share sale in December, but the potential jump in valuation reflects growing confidence in SpaceX’s business, particularly the rapid expansion of its Starlink satellite internet division and continued progress on its Starship rocket program.
SpaceX has also reportedly lined up major Wall Street banks, including Bank of America, Goldman Sachs, JPMorgan, and Morgan Stanley, to take leading roles in the potential offering. While no final decision has been made, executives have been meeting with bankers as investor interest in large-scale technology and infrastructure assets returns following a prolonged slowdown in the IPO market.
The renewed enthusiasm comes as SpaceX increases its launch cadence and Starlink becomes a significant source of recurring revenue. Musk has also strengthened ties across his companies, with SpaceX investing $2 billion in xAI and exploring deeper integration between his ventures. Analysts say a successful SpaceX IPO could reignite the public markets and trigger a wave of listings from other high-profile private companies such as OpenAI, Stripe, and Databricks.