Try GOLD - Free
Musk's SpaceX to raise over $25 bn in 2026 IPO
Financial Express Kochi
|December 11, 2025
ELON MUSK'S SPACEX is looking to raise more than $25 billion through an initial public offering in 2026, a move that could boost the rocket-maker's valuation to over $1 trillion, a person familiar with the matter told Reuters on Tuesday.
The company's move towards a public listing, which could rank among the largest global IPOs, has been largely driven by the rapid expansion of its Starlink satellite internet business, including plans for direct-to-mobile service and progress in its Starship rocket programme for moon and Mars missions.
SpaceX has started discussions with banks about launching the offering around June or July, the person said, requesting anonymity to discuss confidential information.
The company did not immediately respond to a Reuters request for comment.
This story is from the December 11, 2025 edition of Financial Express Kochi.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM Financial Express Kochi
Financial Express Kochi
MG Windsor zooms past Tata to take EV crown
FOR THE FIRST time since electric vehicle (EV) sales took off in India in 2020, a non-Tata car will lead a calendar year’s sales.
1 min
December 14, 2025
Financial Express Kochi
Indian holidayers favour foreign shores over domestic
Outbound tourist numbers rising, inbound static
1 min
December 14, 2025
Financial Express Kochi
‘It’s fake news’: A natural history of misinformation
It is not just humans who suffer fake news. So do fish, flies and even bacteria
4 mins
December 14, 2025
Financial Express Kochi
Organiser detained, inquiry ordered in Messi event chaos
CHAOS AT THE Salt Lake stadium here during a Lionel Messi event on Saturday which escalated into a major lawand-order episode with police detaining the prime organiser for alleged mismanagement, even as West Bengal CM Mamata Banerjee ordered a high-level inquiry and apologised to fans.
1 min
December 14, 2025
Financial Express Kochi
Indian vacationers favour foreign shores
THE COMPOSITION OF outbound travel underscores the shift.
2 mins
December 14, 2025
Financial Express Kochi
Five new chocolate boutiques in Paris
Inside Cedric et la Chocolaterie, the new Paris chocolate shop from the celebrity pastry chef Cedric Grolet - a tattooed 40-year-old with boutiques from St Tropez to Singapore - a wall of molten chocolate sluices downward, dazzling the fans who line up daily to enter the hallowed space.
4 mins
December 14, 2025
Financial Express Kochi
Shiprocket aims to raise ₹2,342 crore
TEMASEK-BACKED E-COMMERCE enablement platform Shiprocket has filed updated draft papers with markets regulator Sebi to raise a little over ₹2,342 crore through its initial public offering (IPO), reports PTI.
1 min
December 14, 2025
Financial Express Kochi
A myth & its unmaking
A dismantling of the idea of progress, forcing a rethink what it means to advance at all
4 mins
December 14, 2025
Financial Express Kochi
The Omega 3 angle
Why is this important for health, and how should we consume it
3 mins
December 14, 2025
Financial Express Kochi
China is ‘rejecting’ H200s, claims White House official
CHINA HAS FIGURED out the US strategy for allowing it to buy Nvidia’s H200 and is rejecting the AI chip in favour of domestically developed semiconductors, White House AI czar David Sacks said, citing news reports.
1 mins
December 14, 2025
Listen
Translate
Change font size