SpaceX has informed select investors and financial institutions that it is aiming for an IPO in the second half of 2026, according to The Information. The potential listing may include the entire company, not just Starlink — marking a major shift from Musk’s earlier view that Starlink should only list once revenue becomes “smooth and predictable.”
The IPO chatter comes amid conflicting reports on SpaceX’s valuation:
- WSJ: SpaceX preparing a secondary share sale valuing the company at $800B — double its recent $400B valuation.
- Bloomberg: Insider share sale could price at ~$300/share, implying a valuation near $560B.
- OpenAI comparison: SpaceX could surpass OpenAI’s $500B valuation, becoming the world’s most valuable private company.
SpaceX has not commented on the reports.
What is clear: SpaceX, Starlink, and the broader U.S. commercial space race — fueled by giants like SpaceX and Blue Origin — continue to attract unprecedented capital as rockets, satellites, and lunar missions scale at historic speed.