SpaceX plans record-breaking IPO targeting over $30 billion

Elon Musk’s SpaceX is preparing for a historic initial public offering (IPO), potentially raising more than $30 billion and becoming the largest IPO in history.

The private space company, known for its Starship rockets and Starlink satellite internet service, is targeting a valuation of around $1.5 trillion, placing it near the market value Saudi Aramco achieved during its record 2019 listing. SpaceX expects revenue of approximately $15 billion in 2025, rising to $22–24 billion in 2026, largely driven by Starlink. Some proceeds from the IPO would fund the development of space-based data centers and other key projects. The IPO timing could shift depending on market conditions, with speculation it might move into 2027. Musk and SpaceX executives have also considered a potential separate listing for Starlink in the future.