Elon Musk’s SpaceX is aiming for an initial public offering in the second half of 2026, preparing for a share sale that could value the rocket firm at $800 billion, according to reports.
The company has told investors and reps for financial institutions that the IPO would include the entire company, including internet satellite provider Starlink, the Information reported Friday.
Several reports over the years have claimed that Musk planned to spin off Starlink ahead of a SpaceX public offering.
SpaceX – which launches more rockets than any other company in the world – is also kicking off a secondary share sale that would double its $400 billion valuation from a sale over the summer, according to The Wall Street Journal.
The new, sky-high valuation would push the Texas-based rocket company past OpenAI – which is run by Musk’s rival, Sam Altman – to make it the world’s most valuable private company.
SpaceX Chief Financial Officer Bret Johnsen told investors about the sale over the past few days, sources familiar with the matter told The Journal.
SpaceX did not immediately respond to The Post’s request for comment.
Musk’s rocket company has quickly taken over the space industry, investing heavily in its Starship rocket – the largest and most powerful vehicle yet.
The company has handled missions with commercial satellite partners and even government agencies like NASA.
It frequently launches its own satellites into orbit, with around 9,000 satellites in space.
Meanwhile, some analysts have estimated that Starlink’s business is driving up SpaceX’s valuation. The subsidiary provides high-speed internet connections for homes and business partners like airlines.
Starlink said it had more than 8 million active customers around the world as of November.
The company has also ventured into mobile phones through a deal with T-Mobile.
In September, SpaceX agreed to pay $17 billion for wireless spectrum licenses from EchoStar to build out its satellite network.
The deal includes $8.5 billion in cash and up to $8.5 billion of SpaceX’s stock portfolio for two blocks of wireless spectrum that could expand its reach to cellphone users.
SpaceX also agreed to pay about $2 billion of cash toward interest payments on EchoStar’s debt through November 2027.
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