SpaceX is accelerating plans for an initial public offering that could raise more than $30 billion and value the company at roughly $1.5 trillion, according to people familiar with the matter. Reporting from Bloomberg indicates the listing could come as early as mid-to-late 2026, though market conditions may push it into 2027. If completed, the share sale would surpass Saudi Aramco’s 2019 offering — currently the largest on record — and mark an unprecedented moment for the global IPO market.
The company aims to use part of the IPO proceeds to develop space-based data centers, including the procurement of advanced chips needed to run them. The initiative aligns with Elon Musk’s long-term vision for integrating Starlink, direct-to-mobile communications, and next-generation computing infrastructure in orbit. The latest fundraising push comes as SpaceX conducts a secondary share sale valuing the company at more than $800 billion, with employees permitted to sell about $2 billion of stock.
Investor enthusiasm has spilled over to the wider space sector. EchoStar Corp., which reached a spectrum sale agreement with SpaceX, surged as much as 12% following news of the IPO plans, while Rocket Lab Corp. also gained. Bloomberg reported earlier that SpaceX’s board advanced preparations in recent days, including hiring for key roles and outlining how fresh capital would be deployed.
Starlink’s explosive expansion remains the engine behind SpaceX’s financial momentum. The company is projected to generate about $15 billion in revenue in 2025, rising to as much as $24 billion in 2026, with the majority stemming from its satellite internet business. Musk has emphasized that valuation increases are tied to progress on Starship, Starlink, and the push to secure global direct-to-cell spectrum rights, which dramatically widen the company’s addressable market.
SpaceX has long dangled — and repeatedly delayed — the idea of spinning off Starlink into a separate public company. While executives once indicated such a move could occur earlier, more recent comments suggest a spinoff remains years away. Major long-term backers include Founders Fund, 137 Ventures, Valor Equity Partners, Fidelity, and Google’s parent Alphabet.
If SpaceX ultimately sells 5% of its equity at a $1.5 trillion valuation, it would need to offer roughly $40 billion in stock — cementing its place as the largest IPO in history and reshaping expectations for public listings worldwide.
