SpaceX Set for Stellar IPO as Valuation Soars

SpaceX is reportedly preparing for an IPO in 2026, valuing the company at $800 billion. The move is fueled by the success of its Starlink internet and Starship rocket programs. Insiders are offered shares, hinting at a potential public listing that could surpass a $1 trillion valuation.

SpaceX, the pioneering rocket-maker founded by Elon Musk, has authorized an insider share sale valuing the company at approximately $800 billion, signaling its preparation for a potential initial public offering, Bloomberg News revealed on Friday.

This strategic move towards going public ranks among the largest global IPOs, primarily prompted by the swift advancements in its Starlink satellite internet venture, including anticipated direct-to-mobile services, alongside progress in its ambitious Starship rocket missions targeting lunar and Martian explorations.

Insider shares are available at $421 each, with a possible IPO slated for 2026, according to a company communique. While speculative, Chief Financial Officer Bret Johnsen emphasized that if executed adeptly, the public offering could significantly elevate capital influx, potentially boosting SpaceX's valuation beyond the $1 trillion mark.

(With inputs from agencies.)