Overview
- SpaceX has run a pre-IPO secondary sale around $420 a share that enables roughly $2 billion in employee stock sales, with the company also expected to repurchase some shares.
- Advisers and insiders are targeting a mid-to-late 2026 listing, with timing that could slip into 2027 depending on market conditions.
- Sources project company revenue of about $15 billion in 2025 and $22–24 billion in 2026, with the majority coming from Starlink.
- Part of the planned IPO funds is reported to be earmarked for space-based data centers, including purchasing the chips needed to operate them.
- Shares of aerospace peers moved on the news, with EchoStar jumping as much as 12% intraday and Rocket Lab also gaining during the session.