SpaceX to pursue 2026 IPO raising far above $30 bn

paceX is moving ahead with plans for an initial public offering (IPO) seeking to raise significantly more than $30 billion, people familiar with the matter said, in atransaction that would make it the biggest listing ofall time.

- Bloomberg

The Elon Musk-led company istargetinga valuation of about $1.5 trillion forthe entire company, which would leave SpaceX near the market value that Saudi Aramco established during its record 2019 listing which raised $29 billion.

SpaceX’s management and advisers are pursuing a listing as soon as mid-to-late 2026, said some of the people, who declined to be identified because the matter isconfidential. The timing of the IPO could change based on market conditions and other factors, and one of the people said it could slip into 2027.

Arepresentative forSpaceX didn’timmediately respond to arequest for comment.

SpaceX’s IPO plans sent shares in other space companieshigher

SpaceX's fast path to public markets is in part fuelled by the strength of its fast-growing Starlink satellite internet service