Overview
- Reports say the offering could raise well over $30 billion, positioning it to surpass prior IPO records such as Saudi Aramco’s 2019 debut.
- Management and advisers are aiming for a launch in mid-to-late 2026, with timing subject to markets and potential slippage into 2027, according to people familiar.
- SpaceX has recently set secondary-share pricing around $420, enabling about $2 billion of employee stock sales alongside company buybacks to provide liquidity.
- Insiders cite projected revenue of roughly $15 billion in 2025 and $22–24 billion in 2026, with most of the growth attributed to the Starlink satellite internet business.
- Part of the proceeds is expected to fund orbital data centers and related chip purchases, while Elon Musk has said the company has been cash-flow positive for years with regular repurchases.