SpaceX aims for $1.5 trillion summer IPO
According to a report, Elon Musk expects to raise around $50 billion from the US listing
SpaceX is exploring a potential mid-June initial public offering that could redefine the scale of global equity listings.
According to the Financial Times, the company is assessing a fundraising of up to $50 billion at an implied valuation near $1.5 trillion.
If executed on those terms, the deal would eclipse all previous flotations by capital raised, surpassing the landmark 2019 listing of Saudi Aramco.
That offering raised $29 billion and conferred a market capitalisation of about $1.7 trillion, a level rarely achieved in public markets.
The Financial Times said chief financial officer Bret Johnsen has engaged with existing investors since December to gauge appetite for a 2026 listing.
Such discussions suggest a possible strategic shift for Musk, who has historically argued that public ownership could constrain SpaceX’s long-term ambitions.
It was reported last week that four Wall Street banks are being lined up for senior roles on the transaction.
A SpaceX flotation would anchor what bankers expect to be a strong year for US listings, after a subdued period.
