SpaceX has begun discussions with banks about a possible 2026 initial public offering that could raise more than $25 billion and value the company above $1 trillion, according to a December 10 Reuters report citing a person familiar with the matter.
The company was discussing launching the offering around June or July, the person said, requesting anonymity because the information was confidential. SpaceX did not immediately respond to Reuters’ request for comment. The report described potential terms and timing, rather than an announced offering.
The discussions concern a potential SpaceX listing, following earlier comments from Elon Musk about taking its Starlink satellite internet business public. On February 9, 2021, Musk said Starlink would pursue an IPO once its cash flow could be predicted reasonably well.
The IPO report also followed separate reports of a secondary share sale that would value SpaceX at $800 billion. In a December 6 statement, Musk disputed claims that SpaceX was raising money at that valuation.
Musk said SpaceX had been cash flow positive for years and conducted stock buybacks twice a year to provide liquidity for employees and investors. His statement disputed the fundraising claim but did not explicitly reject an $800 billion valuation for transactions involving existing shares.