SpaceX to Pursue 2026 IPO Raising Far Above $30 Billion

Core Viewpoint - SpaceX is planning an initial public offering (IPO) aiming to raise significantly more than $30 billion, potentially making it the largest IPO in history with a targeted valuation of approximately $1.5 trillion [1][9]. Group 1: IPO Plans and Timing - SpaceX's management is pursuing a listing as early as mid-to-late 2026, although the timing may shift to 2027 depending on market conditions [2]. - Recent advancements in the IPO plans include hiring for key roles and strategizing on capital allocation following a recent insider share sale [3]. Group 2: Revenue Projections and Business Growth - The company anticipates generating around $15 billion in revenue in 2025, with projections increasing to between $22 billion and $24 billion in 2026, primarily driven by its Starlink satellite internet service [4]. - SpaceX is also exploring the development of space-based data centers, which would require significant investment in necessary technology [5]. Group 3: Current Valuation and Stock Offering - In a current secondary offering, SpaceX has set a per-share price of approximately $420, leading to a valuation exceeding $800 billion [6]. - The company is allowing employees to sell around $2 billion worth of stock while also participating in share buybacks to provide liquidity [6][7]. Group 4: Starlink Business and Future Considerations - There have been discussions about potentially spinning off the Starlink business into a separate publicly traded entity, although the timing remains uncertain [8]. - Major long-term investors in SpaceX include prominent venture firms and Fidelity, along with Alphabet Inc.'s Google [8].