Insiders reveal that SpaceX is now advancing an extraordinarily ambitious initial public offering (IPO), with plans to raise more than USD 30 billion—a sum that, if realized, would surpass the USD 29 billion record set by Saudi Aramco in 2019, making it the largest IPO in history.
According to reports, SpaceX’s leadership and advisors are aiming for a listing as early as mid-to-late 2026, though market conditions could push the debut into 2027.
Most striking of all is the company’s target valuation. SpaceX intends to elevate its overall valuation to roughly USD 1.5 trillion—surpassing even Tesla’s current market capitalization of about USD 1.4 trillion and leaving analysts astonished at the sheer magnitude of its projected growth.
Comparing the two companies’ revenues highlights the audacity of the goal: Tesla’s projected 2025 revenue stands at USD 95.2 billion, whereas SpaceX’s estimated revenue for the same year is just USD 15.5 billion. This means SpaceX, with only one-sixth of Tesla’s revenue, is seeking an even higher valuation—underscoring that investors are not focused on present-day earnings, but on the explosive future potential of Starlink and Starship.
As for how such a monumental sum would be used, sources indicate that beyond funding Musk’s long-stated Mars ambitions, the company intends to channel a portion of the IPO proceeds into the development of space-based data centers.
This initiative includes procuring the chips required to power those orbital data centers. As the Starlink satellite network matures, deploying compute capacity directly in orbit may represent Musk’s next strategic leap—one that unites space communications with AI infrastructure. In secondary-market transactions, SpaceX’s shares are currently priced at around USD 420 each, placing its valuation above the previously reported USD 800 billion. Musk has also emphasized on X that the company has maintained positive cash flow for years and regularly conducts share buybacks to provide liquidity.
Rumors have long suggested that Starlink might be spun off for an independent listing, but with the progression of SpaceX’s full-company IPO plan, such a split appears to be shelved for now. Musk believes the combined momentum of Starlink and Starship—along with recent gains in global Direct-to-Cell spectrum access—has dramatically expanded the company’s total addressable market.