SpaceX weighs June 2026 IPO at US$1.5 trillion valuation, FT reports

Elon Musk’s SpaceX is weighing a mid-June initial public offering, aiming to raise as much as US$50 billion (HK$390 billion) at a valuation of roughly US$1.5 trillion, the Financial Times reported on Wednesday, citing people familiar with the matter.

Reuters could not immediately verify the report. SpaceX did not respond to a Reuters request for comment.

The reported fundraising doubles prior reports, positioning the rocket and satellite company’s listing as the largest in history, after Saudi Aramco’s US$29 billion IPO in 2019.

SpaceX Chief Financial Officer Bret Johnsen has also been holding talks and Zoom calls with existing private investors since mid-December to explore a mid-2026 IPO, the newspaper added.

Reuters reported last week that SpaceX is lining up four Wall Street banks for leading roles in its market debut.

Reuters