SpaceX plans huge 2026 IPO with goal to raise more than $30 billion

SpaceX is preparing for one of the largest initial public offerings in history, aiming to raise over $30 billion by mid- to late 2026. The company, led by Elon Musk, is targeting an impressive valuation of approximately $1.5 trillion, which would place it near the record set by Saudi Aramco's 2019 listing that raised $29 billion.

According to Bloomberg's report, the space company plans to use a significant portion of the IPO proceeds to develop space-based data centers and purchase the necessary chips to operate them. The listing timeline could shift into 2027, depending on market conditions and other factors. Bloomberg also noted that SpaceX's recent insider share sale has been priced at around $420 per share, pushing the company's valuation beyond the previously reported $800 billion mark.

Musk confirms IPO reports

Musk has publicly addressed the speculation surrounding the company's public offering plans, calling recent reports "accurate" in his response to an article by Ars Technica's Eric Berger. CNBC reports that Musk made this confirmation on his social media platform, X, where he praised Berger's analysis of why 2026 is the right time for SpaceX to go public.

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The timing appears strategic, with artificial intelligence growth and space-based data center opportunities playing key roles in the decision. CNBC's coverage also highlighted that SpaceX is allowing employees to sell approximately $2 billion worth of stock in the current secondary offering, with the company participating in share buybacks.

Strong revenue growth expected

SpaceX's financial outlook shows remarkable growth potential, with revenue expected to reach $15 billion in 2025 and climb to between $22 billion and $24 billion in 2026. Reuters indicates that this IPO could rank among the largest global listings ever and may encourage other high-profile companies to pursue public offerings.

The majority of SpaceX's sales come from its Starlink satellite internet service, which continues to expand rapidly. Reuters' analysis suggests that the company's strong commercial performance, particularly with Starlink, supports the ambitious valuation targets for the upcoming public listing.