Overview
- Multiple outlets report SpaceX is engaging banks for a mid-to-late 2026 listing that could raise more than $25–$30 billion, with a June or July window under discussion and timing subject to market conditions.
- A concurrent secondary sale is said to price shares near $420, implying a private valuation above $800 billion and allowing about $2 billion in employee liquidity, though Elon Musk called earlier $800 billion figures not accurate.
- The reported target valuation ranges around $1–$1.5 trillion, a size that could eclipse Saudi Aramco’s 2019 IPO if achieved.
- Projected revenue is about $15 billion in 2025 and $22–$24 billion in 2026, with most sales from Starlink, including prospects for direct-to-mobile service.
- Reports say proceeds would fund space-based data centers and specialized chip purchases, and a public listing would introduce SEC disclosure and broader investor scrutiny.