Elon Musk's aerospace company, SpaceX, is reportedly eyeing a monumental initial public offering (IPO) in mid-to-late 2026, aiming for an unprecedented $1.5 trillion valuation. This ambitious move, first reported by Bloomberg News citing unidentified sources, seeks to raise $30 billion, potentially making it the largest IPO in history.
If successful, SpaceX's public debut would eclipse Saudi Aramco's 2019 listing, which raised $29 billion, setting a new benchmark for global market entries. The decision to pursue a full company IPO marks a significant shift for SpaceX, which had previously considered spinning off its Starlink satellite internet division for a separate public offering while keeping the core rocket and space exploration business private.
This latest report from Bloomberg follows earlier indications of SpaceX's IPO ambitions. Just days prior, The Information was the first to reveal that Musk's company was targeting a late 2026 IPO. Further solidifying these plans, The Wall Street Journal recently reported on a secondary share sale for employees, which initially pegged the company's current valuation at around $800 million.
Bloomberg's report further clarifies that this employee share sale has recently "firmed up," with the valuation now exceeding the initial $800 million figure. Employees are reportedly being allowed to sell approximately $2 billion worth of shares at a price of $420 per share, offering a glimpse into the company's escalating private market value ahead of its potential public debut.
