SpaceX plans to launch an IPO in June 2026, with a valuation directly reaching $1.5 trillion, potentially rewriting the global listing record

On January 28, according to the latest disclosed information, aerospace and satellite internet company SpaceX is evaluating the feasibility of conducting its first public offering (IPO) in mid-June 2026, with an estimated valuation of approximately $1.5 trillion, and plans to raise up to $50 billion through the listing. If this plan materializes, SpaceX is expected to become one of the largest IPOs in the history of global capital markets.

Compared to the previously circulated plan, the disclosed financing scale has nearly doubled. The current record is held by Saudi Aramco in 2019, which raised about $29 billion in its IPO and was valued at approximately $1.7 trillion after listing. It remains the only company to have joined the “trillion-dollar club” through an IPO.

Sources say that SpaceX CFO Brett Johnson has been in intensive discussions with multiple existing private investors since December 2024, through conference calls and online meetings, to discuss the timing window and overall arrangements for a mid-2026 listing. These series of actions are seen as important signals that the company is paving the way for an initial public offering.

For a long time, Elon Musk preferred to keep SpaceX as a private company, but as the company’s valuation continues to rise and the Starlink satellite internet business provides stable cash flow, its strategic orientation is changing. The rapid expansion of Starlink has not only improved the financial structure but also strengthened the capital market’s confidence in SpaceX’s long-term growth prospects.

Currently, SpaceX is in talks with four major Wall Street investment banks to discuss underwriting and institutional promotion matters. Industry insiders believe that if listed at a valuation of $1.5 trillion, SpaceX will leap into the ranks of the world’s most valuable listed companies, having a profound impact on the aerospace technology sector.

From a macroeconomic perspective, the U.S. primary stock market has gradually recovered since 2025. IPO activities that had been suppressed by volatility and geopolitical risks in recent years are beginning to become active again. In the highly regulated field of aerospace technology, where public investment opportunities are scarce, SpaceX’s potential listing is seen as a rare window of opportunity and also reflects high recognition of the long-term prospects of commercial spaceflight and satellite internet by capital.