Dec 10, 2025 - Business

SpaceX preps 2026 IPO

Dan Primack

Illustration: Aïda Amer/Axios

SpaceX has told investors that it's planning for a 2026 IPO, as first reported by The Information and confirmed by Axios.

Why it matters: This could be the largest IPO ever, topping Saudi Aramco's $25.6 billion raise in 2019.

The big picture: SpaceX is the world's second-most valuable unicorn company, behind just OpenAI, and provides strong tailwinds for other space startups.

Zoom in: This is a bit of a surprise.

Elon Musk's only listed company is Tesla, and he wanted to take it private ("funding secured"). Plus, SpaceX shareholders have plenty of access to liquidity via tenders and active secondary markets.
There also had been speculation about a Starlink spinout IPO.

The bottom line: This is a plan, not a guarantee. Musk and the markets are both mercurial.

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SpaceX preps 2026 IPO

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