SpaceX could seek valuation over $1.75 trillion in IPO: sources

SpaceX could seek valuation over $1.75 trillion in IPO: sources

SpaceX Considers $1.5 Trillion Valuation for 2026 IPO Amid Strategic Preparations

Elon Musk’s SpaceX is reportedly evaluating an initial public offering (IPO) as early as mid-June 2026, with a target valuation of approximately $1.5 trillion, according to sources cited by the Financial Times. If executed, the offering could raise up to $50 billion, surpassing Saudi Aramco’s 2019 IPO as the largest in history. The company’s chief financial officer, Bret Johnsen, has been engaging with private investors since mid-December 2025 to gauge interest and structure the offering.

The proposed valuation reflects SpaceX’s growing financial strength, driven by Starlink’s emergence as a significant revenue generator and advancements in the Starship rocket program. The company’s launch frequency has also increased steadily, bolstering investor confidence in its long-term prospects. Additionally, SpaceX’s December 2025 secondary share sale valued the firm at roughly $800 billion, indicating a sharp upward trajectory in its worth over recent months.

Musk’s strategic maneuvers have further amplified expectations. The merger of SpaceX with xAI—a Musk-controlled artificial intelligence venture that acquired Twitter (now X)—in February 2026 created a combined entity valued at $1.25 trillion, signaling a path to the $1.5 trillion target. However, critics note that SpaceX’s 2026 revenue is projected at $22–$24 billion, implying a price-to-sales ratio exceeding 60x, which some analysts view as aggressive.

The IPO timeline aligns with broader market trends, as investor appetite for high-growth assets in space, AI, and infrastructure has rebounded after a prolonged IPO slump. SpaceX’s approach— leveraging tender offers to set valuation benchmarks and limit share dilution—has been central to inflating its pre-IPO price.

While regulatory filings and SEC approvals remain pending, the potential offering underscores Musk’s ambition to cement SpaceX’s dominance in both the space industry and global capital markets. Investors will closely watch developments, particularly as the company navigates valuation expectations and market conditions ahead of a possible June 2026 debut.

(https://www.reuters.com/science/spacex-weighs-june-2026-ipo-15-trillion-valuation-ft-reports-2026-01-28/): Financial Times via Reuters
(https://finance.yahoo.com/news/elon-musk-weighs-spacex-ipo-115010375.html): Yahoo Finance
(https://marketwise.com/investing/spacex-1-5-trillion-ipo-elon-musk-valuation-strategy/): Marketwise