SpaceX plans $30B IPO in 2026 at $1.5T valuation
What's the story
SpaceX, Elon Musk's ambitious space exploration company, is gearing up for an initial public offering (IPO) in mid-to-late 2026. The company hopes to raise a whopping $30 billion at a valuation of around $1.5 trillion, Bloomberg reported. If successful, this would be the largest IPO in history, surpassing Saudi Aramco's record-breaking public listing in 2019 that raised $29 billion.
Market maneuver
IPO strategy and employee share sale
Interestingly, this move comes as a bit of a turnaround for SpaceX. The company had earlier considered spinning off its Starlink division for an IPO, while keeping the main company private. Bloomberg's report comes just days after The Information first reported that Musk's space venture was eyeing a late-2026 IPO. Meanwhile, The Wall Street Journal recently revealed that SpaceX is also conducting another secondary share sale for employees.
Share sale
Employee shares to be sold at $420 each
The Bloomberg report further states that SpaceX has "firmed up" the employee share sale in recent days. The company is allowing its employees to sell around $2 billion worth of shares at a price of $420 per stock. This move is part of SpaceX's broader strategy as it prepares for its highly anticipated IPO next year.