By Echo Wang, Manya Saini and Juby Babu
Dec 10 (Reuters) – Elon Musk’s SpaceX is seeing to raise more than $25 billion through an initial public offering in 2026, a relocate that could boost the rocket-creater’s valuation to over $1 trillion, a person familiar with the matter notified Reuters on Tuesday.
The company’s relocate towards a public listing, which could rank among the largest global IPOs, has been largely driven by the rapid expansion of its Starlink sanotifyite internet business, including plans for direct-to-mobile service and progress in its Starship rocket program for moon and Mars missions.
SpaceX has started discussions with banks about launching the offering around June or July, the person stated, requesting anonymity to discuss confidential information.
The company did not immediately respond to a Reuters request for comment.
Talks over a listing plan are unfolding against the backdrop of a resurgence in the IPO market in 2025 after a three-year dry spell.
Wall Street’s top executives expect the momentum to carry into 2026, turbocharged by a pipeline of high-profile companies preparing to test investor demand.
“SpaceX represents one of the most exciting opportunities in the global IPO market and has been on the dream-list of several investors for years,” Samuel Kerr, head of equity capital markets at Mergermarket notified Reuters.
“It is a genuine growth indusattempt, with space technology seen as a key frontier in both defense, sanotifyite proliferation and in tech infrastructure in general the growth of orbital data centers.”
BLOCKBUSTER LISTING
Several large startups have stayed private for longer and continued to raise capital in private markets, and a listing from a company like SpaceX could prompt more of them to relocate toward public offerings.
SpaceX ranks as the world’s second most-valuable private startup after ChatGPT creater OpenAI, according to data from Crunchbase. OpenAI and rival Anthropic are also reportedly in talks for an IPO next year.
“If all these deals come through the U.S. IPO market will experience a genuine revival, the green shoots of which have already been seen this year,” Kerr stated.
The news of the potential IPO comes days after a media report that stated SpaceX is kicking off a secondary share sale that would value the rocket-creater at $800 billion. However, Musk dismissed the report, calling it inaccurate.
Saudi Aramco is the only completed IPO to achieve a more than $1 trillion valuation. The state-owned petroleum and natural gas giant debuted in December 2019 with an estimated market capitalization of $1.7 trillion.
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