SpaceX Reaches $800 Billion Valuation and Outlines Plan for 2026 IPO

SpaceX has notified shareholders that it is moving ahead with plans for an initial public offering in 2026, marking the first time the company has directly tied a target year to a public listing. The update came alongside a new insider share sale that places the company’s value at about $800 billion, according to a memo viewed by Bloomberg.

The new valuation reflects a per-share price of $421, nearly twice the level used during SpaceX’s mid-2025 tender offer, when investors bought and sold shares at $212. At that time, SpaceX was valued at roughly $400 billion.

The updated figure pushes SpaceX well ahead of OpenAI’s recent $500 billion valuation and restores its position as the world’s highest-valued private company.

How SpaceX Plans to Use Future IPO Money

In the memo to investors, Chief Financial Officer Bret Johnsen said SpaceX is planning for an IPO in 2026 to support several large-scale programs already in motion. These include:

• A much higher launch cadence for Starship, the company’s fully reusable heavy-lift rocket

• Storage and computing systems placed in orbit to run AI workloads in space

• Early development tied to a long-term lunar base project

Johnsen described these plans as requiring capital far beyond what the company raises through its twice-annual share tenders.

Record-Breaking Offering Under Consideration

SpaceX is evaluating an offering that would raise well above $30 billion, Bloomberg reported earlier this week. A transaction of that size would surpass every public listing to date.

According to the memo, SpaceX aims for a $1.5 trillion valuation at the time of the offering. If achieved, it would place the company near the level reached by Saudi Aramco during its record 2019 IPO.

The memo noted that both the timing and valuation remain uncertain, and SpaceX could still choose not to proceed depending on market conditions.

SpaceX did not comment publicly on the details.

Why Investor Interest Remains High

SpaceX has built two core businesses that dominate their sectors:

Falcon 9 Launch Program: Falcon 9 conducts more orbital missions than any other rocket, carrying commercial satellites, Starlink payloads, cargo for NASA, and crewed missions. The repeated reuse of Falcon 9 boosters has lowered launch costs and made it the preferred option for companies around the world.

Starlink Internet Service: Starlink’s constellation now includes thousands of satellites and serves millions of customers. The service has become a major revenue driver and has been adopted in residential markets, aviation, maritime operations, and remote regions.

These two businesses provide the cash flow and operational base underpinning SpaceX’s work on Starship, satellite manufacturing, and expanded commercial services.

New Details Shared With Investors

SpaceX’s memo included information that had not been part of its earlier tender updates. The company explained that work tied to Starship, Starlink production, and several long-term infrastructure projects now requires a multi-year financing schedule, which is why shareholders were given a defined IPO year. The update also outlined new internal reporting steps and audit requirements SpaceX has begun preparing for, measures that are necessary before a privately held company can enter public markets. The timeline remains flexible, but the memo shows SpaceX aligning major engineering and financial programs around the same target year.

Also Read: Elon Musk’s SpaceX preparing 2026 IPO that could raise over $25 billion, source says