SpaceX is advancing toward a public offering in 2026, selecting Bank of America, Goldman Sachs, JPMorgan Chase, and Morgan Stanley as lead advisers and underwriters for what could become one of the largest IPOs in history, according to a Financial Times report.
The rocket maker and satellite operator founded by Elon Musk could seek to raise more than $25 billion, according to ongoing discussions. No final decisions have been made, but the process signals serious momentum toward a public debut.
SpaceX has seen its valuation soar through secondary share sales, at one point exceeding $800 billion. Analysts expect a 2026 listing could push its market value past the $1 trillion mark.
The potential offering reflects the rapid expansion of SpaceX’s Starlink satellite-internet business, as well as its heavy-lift Starship rocket program and other long-term projects.
A successful SpaceX IPO could set new benchmarks for fundraising and valuation, potentially surpassing Saudi Aramco’s $29 billion record from 2019.
