Elon Musk’s SpaceX is preparing to enter the U.S. stock market with an IPO in 2026, with the company aiming to raise more than $30 billion in the effort. SpaceX is targeting a company-wide valuation of about $1.5 trillion, according to people close to the deal. SpaceX’s management and advisors are aiming for a listing as early as mid-to-late 2026, the people said, adding that it could be delayed until at least 2027.
Bloomberg first reported on Friday that SpaceX is interested in an IPO, but SpaceX has not yet confirmed the report. The company founded by Elon Musk has enjoyed great success over the past decade, thanks in part to its fast-growing satellite internet service Starlink. Development of the Starship satellite and Mars rocket are progressing smoothly and are attracting interest from private investors. Musk’s Tesla (TSLA) has had a strong year in 2025, rising more than 41% in the past six months.
Learn more about the IPO and reaching $30 billion
An anonymous source close to the IPO deal said SpaceX plans to use some of the proceeds to develop its space-based data center, including buying the chips it needs to operate. This is in line with a concept Musk expressed interest in during a recent event appearance with Baron Capital. In its current secondary offering, SpaceX has priced the company at approximately $420 per share, valuing it at more than $800 billion. Additionally, the company’s revenue is expected to grow to approximately $15 billion in 2025 and $22 billion to $24 billion in 2026, with the majority of that coming from Starlink.
“SpaceX has been cash flow positive for many years and regularly conducts stock buybacks twice a year to provide liquidity to employees and investors,” Musk said in a Dec. 6 post on X. “The increase in valuation is a function of Starship and Starlink progress and the securing of global direct cell communication spectrum, which significantly expands our addressable market.”
SpaceX already has some big tech investors. The biggest long-term investors in SpaceX are venture firms like Peter Thiel’s Founders Fund, Justin Fischner Wolfson’s 137 Ventures, and Valor Equity Partners. Fidelity is also an important investor, as is Alphabet (GOOGL).
Shares of Tesla (TSLA), also founded by Elon Musk, rose 1.67% on Tuesday.
