Catenaa, Wednesday, December 10, 2025- SpaceX is moving ahead with plans for an initial public offering that would seek to raise significantly more than $30 billion, in a transaction that would make it the biggest listing of all time.
Bloomberg reported that the Elon Musk-led company is targeting a valuation of about $1.5 trillion for the entire company, which would leave SpaceX near the market value that Saudi Aramco established during its record 2019 listing. The oil major raised $29 billion at the time.
SpaceX’s management and advisers are pursuing a listing as soon as mid-to-late 2026, the report said, while the timing of the IPO could change based on the market and other factors, and one of the people said it could slip into 2027.
SpaceX’s IPO plans sent shares in other space companies higher on Wednesday. EchoStar, which has agreed to sell spectrum licenses to SpaceX, rose as much as 6% in New York. Space transportation company Rocket Lab extended gains to as much as 1%.
Musk and the company’s board of directors advanced plans for the listing and fundraising, including hiring for key roles and how it would spend the capital. In recent days, as SpaceX firmed up its latest insider share sale.
SpaceX’s faster path to public markets is in part fueled by the strength of its fast-growing Starlink satellite internet service, including the promise of a direct-to-mobile business, as well as the development of its Starship moon and Mars rocket.
The company is expected to produce about $15 billion in revenue in 2025, increasing to between $22 billion and $24 billion in 2026, one of the people said, with the majority of sales coming from Starlink.
SpaceX expects to use some of the funds raised in an IPO to develop space-based data centers, including purchasing the chips required to run them, two of the people said, an idea Musk expressed interest in during a recent event with Baron Capital.
