Overview
- Multiple outlets report SpaceX is engaging banks for a mid‑to‑late 2026 listing that could raise more than $25 billion and potentially exceed $30 billion at a target valuation of $1 trillion to about $1.5 trillion.
- Elon Musk signaled on X that coverage of going public is accurate, following earlier pushback on reports of an $800 billion private valuation tied to a secondary sale.
- Recent insider share sales were reportedly set around $420 per share, allowing roughly $2 billion in employee liquidity and implying a private valuation above $800 billion.
- Company projections cited in reports point to about $15 billion in 2025 revenue and $22–$24 billion in 2026, with Starlink as the primary driver and direct‑to‑cell ambitions highlighted.
- Sources say proceeds would fund space‑based data centers and chip purchases, while stocks tied to the space sector, including EchoStar and Rocket Lab, gained on the IPO news.