SpaceX, the rocket and satellite company founded by Elon Musk, is weighing a possible initial public offering as early as mid-June 2026 that could raise up to $50 billion and value the company at around $1.5 trillion, the Financial Times reported on Wednesday, citing people familiar with the matter.
If completed at that scale, the offering would eclipse previous records to become the largest IPO on record, surpassing the $29 billion flotation of Saudi Aramco in 2019, according to the report.
The Financial Times said SpaceX Chief Financial Officer Bret Johnsen has been holding discussions and Zoom calls with existing private investors since mid-December to explore preparations for a public listing around mid-2026. Those conversations are said to be focused on investor appetite, valuation expectations and potential deal structure.
Reuters reported last week that SpaceX has begun lining up four Wall Street banks for leading roles in a future market debut, signalling more concrete steps toward an eventual IPO after years of speculation. SpaceX has historically relied on private funding rounds to finance its capital-intensive projects, including reusable launch vehicles and its Starlink satellite broadband network.
A public listing would mark a major shift for SpaceX, which has grown into one of the world’s most valuable private companies while remaining tightly controlled by Musk. Analysts say an IPO could provide the company with a powerful source of capital to fund expansion, while also bringing increased regulatory scrutiny and disclosure requirements.
The timing, size and valuation of any offering remain subject to market conditions, regulatory approvals and final decisions by SpaceX’s board and shareholders, the report said.
