SpaceX is reportedly preparing for an initial public offering in 2026 to raise more than $25 billion at a valuation exceeding $1 trillion.
According to a Reuters report, the company has begun early discussions with banks, with the listing expected around June or July next year.
In 2020, Elon Musk had indicated that Starlink would list only after its revenue became “smooth & predictable.”
According to Bloomberg News, SpaceX plans to use the IPO proceeds to build space-based data centres and purchase the chips needed to run them. Musk discussed the idea during a recent event with Baron Capital.
Bloomberg also reported that SpaceX is projected to generate about $15 billion in revenue in 2025, rising to between $22 billion and $24 billion in 2026, with Starlink contributing most of the total.
The only IPO to debut with a valuation above $1 trillion remains Saudi Aramco, which listed in 2019 at around $1.7 trillion.
Reports last week suggested SpaceX was launching a secondary share sale that would value the company at $800 billion. However, Musk later dismissed those reports.
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