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Musk's SpaceX IPO: $1.5tn Valuation Planned
28 Jan
Summary
- SpaceX considers IPO at $1.5tn valuation in mid-June.
- The company aims to raise $50bn in the initial share sale.
- Musk owns 42% of SpaceX, boosting his fortune significantly.
SpaceX, the rocket company founded by Elon Musk, is reportedly considering an initial public offering (IPO) with a target valuation of $1.5tn. The initial fundraising goal is set at $50bn, a substantial increase from earlier projections. This significant event is being eyed for mid-June 2026, a period noted for a planetary alignment and shortly before Musk's birthday.
The company's CFO has been in discussions with private investors regarding a mid-2026 IPO. Musk's growing interest stems from SpaceX's increasing valuation and the successful expansion of its Starlink satellite internet service. SpaceX's operations include launching satellites, servicing the International Space Station, and providing high-speed internet, contributing to its substantial annual revenues.
If this IPO proceeds, it would surpass the fundraising amount of Saudi Aramco's 2019 IPO. Global financial markets are anticipating a robust year for US listings, with other major companies also preparing for potential public offerings. Space technology remains a highly sought-after sector due to its rapid development prospects.
