Business

SpaceX May Seek IPO Valuation Above $1.75 Trillion
By Reuters | 27 Feb, 2026

Elon Musks's rocket launch and satellite communications company generated $8 billion profits on $16 billion revenues in 2025.

Elon Musk's SpaceX is aiming to file confidentially for an initial public offering that could value the rocket and satellite company at more than $1.75 trillion, Bloomberg News reported on Friday, citing people familiar with the matter.

The filing could come as soon as March, Bloomberg said, in what would rank among the largest IPOs in history. Plans could still change and SpaceX could delay its listing.

Sources have told Reuters that an IPO was likely in June, and a confidential filing in March would fit that timeline.

The Brownsville, Texas-based company generated about $8 billion in profit on $15 billion to $16 billion of revenue last year, Reuters reported last month, citing people familiar with the company's results.

SpaceX did not immediately respond to a Reuters request for comment.

The company earlier this year completed its acquisition of Musk's artificial-intelligence startup xAI in an all-stock deal, with the combined entity valued at $1.25 trillion, according to people familiar with the matter.

Investors are bracing for a bumper IPO year, with SpaceX, OpenAI and Anthropic among the highly valued tech firms preparing potential listings that could set records in 2026.

Musk expects to test-launch a new version of its next-generation Starship rocket, incorporating hundreds of upgrades, in March, following a months-long launch hiatus while the company worked to resolve engineering challenges.

(Reporting by Juby Babu in Mexico City; Editing by Tasim Zahid)