SpaceX’s $800 billion secondary valuation positions its potential listing among the largest IPOs ever by deal size.
Elon Musk’s SpaceX is weighing a mid June initial public offering that could raise as much as $50 billion at a valuation of around $1.5 trillion, the Financial Times reported, citing people familiar with the matter.
The rocket and satellite company was most recently valued at about $800 billion in a secondary share sale last month, placing a potential listing among the largest in history by deal size. If completed, the IPO would rank alongside Saudi Aramco’s 2019 flotation, which valued the oil giant at $1.7 trillion and remains the only completed listing above the $1 trillion mark.
Investor interest in space focused companies has risen sharply, driven by expanding government demand for imaging, data and communications satellites, as well as growing commercial use of space based technologies.
According to the report, SpaceX chief financial officer Bret Johnsen has held talks and video calls with existing private investors since December to explore the possibility of a mid 2026 listing. While Musk has long favoured keeping SpaceX private, people familiar with his thinking said the company’s soaring valuation and the success of its Starlink satellite internet service have contributed to a shift in approach.
Reuters reported last week that SpaceX is lining up four Wall Street banks for leading roles in its market debut. Global markets are bracing for a wave of large US listings, with artificial intelligence firms including Anthropic and OpenAI also laying early groundwork for potential IPOs.
US equity capital market activity rebounded in 2025 after three subdued years, as volatility and geopolitical tensions began to ease.
