SpaceX sets $800 billion valuation, confirms 2026 IPO plans

Core Viewpoint - SpaceX is preparing for a potential IPO in 2026, aiming for a valuation of approximately $800 billion, which could lead to the largest IPO in history [1][3]. Group 1: Valuation and Share Price - The latest secondary offering sets the per-share price at $421, nearly double the $212 per share from July, reflecting a valuation increase from $400 billion to $800 billion [2]. - SpaceX's valuation surpasses the previous record of $500 billion held by OpenAI, making it the most valuable privately held company [2]. Group 2: IPO Plans and Financial Goals - The company aims to raise significantly more than $30 billion through the IPO, which would establish it as the largest listing ever [3]. - SpaceX is targeting a total company valuation of about $1.5 trillion, positioning it near the market value of Saudi Aramco's record listing in 2019 [4]. Group 3: Business Operations and Market Position - SpaceX conducts tender offers biannually, allowing shareholders, including employees, to buy or sell shares, setting a fair market valuation in preparation for the IPO [5]. - The company is a leader in the space industry, known for its Falcon 9 rocket, which is used for launching satellites and crew into orbit [5]. - SpaceX also dominates the market for internet services from low-Earth orbit through its Starlink system, which consists of thousands of satellites serving millions of customers [6].