Is SpaceX About To Go Public, And What Does This Mean?

Rumours around SpaceX have gathered pace after different outlets reported that the company is looking at a public listing in June or July 2026. The reports said the flotation could raise more than $25 billion. Reuters also reported that a person familiar with the talks told the news agency that the deal could lift the company’s worth to more than $1 trillion.

NewsX mentioned how banks have already entered early talks. Reuters said the talks were private, and the person asked not to be named. Both reports frame the moment as a turning point for a company that has spent years building rockets and satellites while keeping outside investors at arm’s length.

The idea of a public listing has been floating around SpaceX for a long time. Back in 2020, Elon Musk said Starlink would list when its revenue pattern became more “smooth and predictable.” According to NewsX, the satellite internet arm is now in a place where its growth is strong enough to support that promise.

Why Does SpaceX Want The Money?

NewsX said the money raised would go towards space based data centres. These plans cover chip purchases Musk has talked about with Baron Capital. The same report said Starlink is expected to be the main source of future income, helping SpaceX bring in $15 billion in 2025 and then between $22 billion and $24 billion in 2026.

Reuters added that the fast build out of Starlink, along with direct to mobile plans and progress on the Starship programme, has changed the financial picture. These two areas have seen quick growth as the company pushes forward on moon and Mars flights.

Starlink has already grown into a large global network. NewsX said the build up of satellites over the years has helped SpaceX reach this point. The possibility of retail investors being able to buy a share in that network will be a new chapter for a business that has spent years raising money privately.

There have also been whispers about a broader share sale. NewsX reported rumours that SpaceX might sell extra shares that would put its worth near $800 billion. But Musk rejected those claims and said they were not correct. That comment placed attention back onto the plans for a public listing.

How Does This Compare With Other Large Listings?

NewsX noted that only one completed flotation in history has crossed the $1 trillion mark. Saudi Aramco reached $1.7 trillion in December 2019. Hitting more than $1 trillion would place SpaceX in rare company.

Reuters said the market for public listings has started to wake up again after three quiet years. Bank leaders in New York told the news agency they expect more deals in 2026, fed by large private firms preparing to sell shares to the public. A listing from SpaceX would fit into that pattern and may encourage other large private firms to do the same.

SpaceX sits at the top end of the private market. Reuters said Crunchbase ranks it as the second most valuable private startup in the world, behind OpenAI. Reuters also reported that both OpenAI and Anthropic have held talks about possible listings next year, which shows how much interest has grown around firms linked to new technology.

Samuel Kerr from Mergermarket told Reuters that SpaceX has been on the “dream list” of many investors for years. Kerr said the company sits in an area of tech that has drawn heavy attention, from defence uses to satellite build up and data networks in orbit. SpaceX has become linked to parts of the economy that pull in a lot of investor interest.