SpaceX is preparing what could become one of the biggest public market debuts ever, with a prospectus revealing plans for a valuation as high as $1.75 trillion. The company is in discussions with banks about an IPO that could raise more than $25 billion, with some estimates pushing that figure north of $30 billion.
For context, that would put SpaceX in the same rarified air as Saudi Aramco’s 2019 IPO, which raised $29 billion at a $1.7 trillion valuation. That deal was, at the time, the largest in history. SpaceX appears to be aiming for a June or July 2026 launch window.
What the flotation looks like
The target valuation range spans from roughly $1 trillion on the conservative end to $1.75 trillion at the top. The company has reportedly been in conversation with multiple banks to structure the deal, with a sweet spot valuation landing around $1.5 trillion.
The prospectus also reveals Elon Musk’s plan to retain control of the company post-IPO. This is standard Musk playbook. Tesla uses a similar structure, and the approach has become increasingly common among founder-led tech companies going public.
