SpaceX is preparing to go public: Musk could become the first trillionaire

21 May 05:51

The American company SpaceX, founded by Elon Musk, is preparing for one of the most high-profile IPOs in history. According to the BBC, the company could go public as early as June 2026, targeting a valuation of approximately $1.75 trillion, reports "Komersant Ukrainian"

If the offering is successful, it could become the largest stock market debut in Wall Street history and significantly increase Musk’s net worth.

What is known about the SpaceX IPO

SpaceX, known for its rocket launches, Starlink satellite internet, and large-scale space projects, has accelerated preparations for its initial public offering.

According to Reuters, the company may list on the Nasdaq and raise about $75 billion at a valuation of approximately $1.75 trillion. Such a figure would make SpaceX’s IPO the largest in stock market history.

Media reports also suggest that the potential listing date could be June 12, 2026, although the final terms of the offering may change before the official announcement.

Why this could make Musk a trillionaire

Elon Musk remains a key shareholder in SpaceX. If the company does indeed go public with a valuation of over $1.5–1.75 trillion, the value of his stake could skyrocket.

That is why analysts and the media speculate that a successful SpaceX IPO could make Musk the world’s first trillionaire. At the same time, this will depend on the company’s final valuation, share structure, investor demand, and how the market reacts to SpaceX’s financial performance after the IPO.

SpaceX Discloses Financial Data

Preparing for an IPO means the company must disclose more information about its structure, finances, and risks. According to The Guardian, SpaceX has already begun publicly sharing financial metrics that were previously confidential.

According to media reports, SpaceX’s revenue in 2025 was approximately $18.6–18.7 billion, but the company also incurred significant expenses, particularly for infrastructure development, artificial intelligence, satellite services, and space programs.

Why is SpaceX valued so highly?

SpaceX’s high valuation is not solely due to its rocket business. The company has several areas that may be of interest to investors:

  • Starlink — global satellite internet;
  • rocket launches and contracts with the U.S. government;
  • space infrastructure;
  • potential AI projects;
  • satellite services for communication and data transmission.

According to MarketWatch, in its investor documents, SpaceX describes a very large potential market, a significant portion of which the company associates with artificial intelligence and future computing infrastructure.

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Starlink remains one of SpaceX’s key assets

Starlink is one of SpaceX’s most important business lines. The company’s satellite internet is already operational in many countries and is used by private customers, businesses, government agencies, and defense departments.

According to The Guardian, the communications segment associated with Starlink is one of SpaceX’s most profitable areas.

This is important for investors, as Starlink not only gives the company the image of a technology leader but also provides regular revenue from subscribers.

What risks do investors see

Despite SpaceX’s scale and popularity, the upcoming IPO carries risks. The company remains capital-intensive: rockets, satellites, launches, manufacturing, data centers, and new technologies require billions in investment.

Among the main risks:

  • high development costs;
  • dependence on government contracts;
  • the complexity of space programs;
  • launch failures or delays;
  • regulatory pressure;
  • competition in satellite internet;
  • reputational risks associated with Musk;
  • risks associated with the AI sector.

Wired reports that in its potential IPO filings, the company also describes risks related to AI products and legal claims surrounding them.

Will this really be the largest IPO in history?

If SpaceX raises around $75 billion, it could more than double the size of previous record-breaking IPOs. Reuters notes that SpaceX’s potential IPO could become the largest stock market debut in Wall Street history.

By comparison, Saudi Aramco’s 2019 IPO raised about $29.4 billion and was long considered the world’s largest.

Why investors are watching SpaceX

Interest in SpaceX is not driven solely by Elon Musk’s high-profile name. The company has become a major player in the space industry, actively collaborating with NASA, the Pentagon, and commercial clients.

In addition, SpaceX has effectively created a separate global business through Starlink, which has the potential for further growth in remote regions, transportation, maritime logistics, aviation, defense, and emergency communications.

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