SpaceX Aims for Record-Breaking $25 Billion IPO in 2026, Could Boost Valuation to $1 Trillion

SpaceX is reportedly planning a massive initial public offering (IPO) in 2026, aiming to raise more than $25 billion and potentially boost its valuation to over $1 trillion. The move, driven by the rapid growth of its Starlink satellite internet business, could make it one of the largest IPOs globally. According to a person familiar with the matter, SpaceX has started discussions with banks to launch the offering around June or July. The company's Starlink business, which offers direct-to-mobile services, has been a key driver of its growth, along with its Starship rocket program for moon and Mars missions. The potential IPO comes as the IPO market is experiencing a resurgence in 2025, after a three-year dry spell. Wall Street executives expect this momentum to carry into 2026, with several high-profile companies preparing to test investor demand. 'SpaceX represents one of the most exciting opportunities in the global IPO market,' said Samuel Kerr, head of equity capital markets at Mergermarket. 'It's a genuine growth industry, with space technology seen as a key frontier in both defense, satellite proliferation, and tech infrastructure.' The listing could prompt more startups to move towards public offerings, with several big companies staying private for longer and raising capital in private markets. SpaceX ranks as the world's second most-valuable private startup after OpenAI, according to Crunchbase. However, questions remain about Elon Musk's ability to run multiple listed companies valued at over $1 trillion. 'SpaceX could be one of the most divisive stocks to join the market in years,' said Dan Coatsworth, head of markets at AJ Bell. 'If SpaceX did float, expect growing pressure on Musk to commit to only one of his listed entities – Tesla or SpaceX.' The news comes days after a report that SpaceX is planning a secondary share sale, valuing the company at $800 billion. However, Musk dismissed the report as inaccurate. The only completed IPO to achieve a valuation of over $1 trillion is Saudi Aramco, which debuted in 2019 with a market capitalization of $1.7 trillion.