Home / Business and Economy / SpaceX Eyes $1.75 Trillion IPO, Eyes Record Books
SpaceX Eyes $1.75 Trillion IPO, Eyes Record Books
28 Feb
Summary
- SpaceX aims for over $1.75 trillion valuation in IPO.
- Confidential IPO filing could occur as soon as March.
- Company anticipates significant profit from Starlink service.
SpaceX, led by Elon Musk, is reportedly planning a confidential initial public offering with a valuation target exceeding $1.75 trillion. This move, expected to occur as early as March, could position it among the largest IPOs ever recorded.
The rocket and satellite firm generated approximately $8 billion in profit from revenues of $15 billion to $16 billion in the past year. The Starlink satellite internet service is a major contributor, accounting for a significant portion of the company's revenue.
In addition to IPO preparations, SpaceX is preparing for a March test launch of a new Starship rocket version. This comes after a hiatus focused on resolving engineering challenges, with the company having conducted eleven high-profile test launches since 2023.
Investors are anticipating a robust IPO year, with other highly valued tech firms like OpenAI and Anthropic also exploring potential listings in 2026. SpaceX also recently finalized its acquisition of Musk's AI startup xAI.
