SpaceX said to be pursuing IPO to raise more than $38.9b in biggest listing ever

SpaceX is moving ahead with plans for an initial public offering (IPO) that would seek to raise significantly more than US$30 billion (S$38.9 billion), people familiar with the matter said, in a transaction that would make it the biggest listing of all time.

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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 is confidential. The timing of the IPO could change based on market conditions and other factors, and one of the people said the timing could slip to 2027.

A representative for SpaceX did not immediately respond to a request for comment.

Bloomberg and other media reported last week that SpaceX is exploring a possible IPO as soon as late 2026. Mr Musk and the company’s board of directors advanced plans for the listing and fund raising - including hiring for key roles and how it would spend the capital - in recent days as SpaceX firmed up its latest insider share sale, one of the people said.