SpaceX targets 2026 IPO at over $1 trillion valuation: Report

Elon Musk–led SpaceX is preparing for a potential initial public offering in 2026, aiming to raise more than $25 billion at a valuation exceeding $1 trillion, Reuters reported. The space technology company has reportedly begun discussions with banks, with the listing expected around June or July next year.

According to the report, SpaceX plans to use a portion of the IPO proceeds to build space-based data centres, including the purchase of advanced chips required to power them. The move is expected to accelerate the company’s efforts in satellite communications, deep-space infrastructure and data-driven space services.

The development comes as Musk expands his data infrastructure ambitions globally. Last year, he announced that his AI company xAI would partner with Saudi Arabia-backed Humain to build a 500-megawatt data centre in the kingdom, powered by Nvidia chips.

The IPO chatter picks up shortly after Musk dismissed reports claiming SpaceX was seeking an $800 billion valuation through a share sale. He said the company has been “positive cashflow” for several years and conducts stock buybacks twice annually to provide liquidity to employees and investors.