SpaceX is moving toward an initial public offering in 2026, selecting Bank of America, Goldman Sachs, JPMorgan Chase & Co. and Morgan Stanley as lead advisors and underwriters for what could be the largest IPO in history, the Financial Times reports.
The rocket maker and satellite operator founded by Elon Musk could seek to raise more than $25 billion, according to ongoing talks. Although no final decisions have been made yet, the process shows serious momentum toward a public debut.
SpaceX’s valuation soared through secondary stock sales, at one point exceeding $800 billion. Analysts predict that the company’s market capitalization could exceed $1 trillion if it goes public in 2026.
The potential service reflects the rapid expansion of SpaceX’s Starlink satellite internet business, heavy-lift Starship rocket program and other long-term projects.
If SpaceX’s IPO is successful, it could set a new standard in financing and valuation, surpassing Saudi Aramco’s record of $29 billion in 2019.
