SpaceX Expects Record IPO at $1.5 Trillion Valuation

SpaceX is planning an IPO in mid-June, which could raise to $50 billion at a valuation of around $1.5 trillion. If the expectations come to life, this could potentially be the largest listing in financial history.

CFO Bret Johnsen has been in talks with existing investors since mid-December 2025 about a potential listing this year. Founder Elon Musk is said to be keen to go public to secure funding for the company’s next phase of growth, which includes development of its Starship rocket and expansion of its 9,400-strong Starlink satellite network.

The company has also told investors it is exploring the deployment of data centres in space to support Musk’s AI ambitions across his wider business portfolio, comprising xAI and social media platform X. While the figures remain preliminary, SpaceX is lining up Bank of America, Goldman Sachs, JPMorgan Chase, and Morgan Stanley to lead the transaction.

If the flotation proceeds, it would far surpass the $29 billion raised by Saudi Aramco in 2019. According to people familiar with the matter, Musk’s long-standing preference for remaining private has softened as SpaceX’s valuation climbs and Starlink’s satellite-internet service gains commercial traction. Sources said Musk is targeting a mid-June launch window when planets Jupiter and Venus will appear close together in planetary alignment for the first time in more than three years. The timing would also fall just days before Musk’s birthday on 28 June.