Elon Musk’s SpaceX is in advanced discussions with major financial institutions to facilitate a potential public listing, according to industry reports. The aerospace and satellite communications firm is said to be engaging Bank of America, JP Morgan, Goldman Sachs, and Morgan Stanley to lead what could become one of the largest initial public offerings in history.
Sources indicate the company explored a private transaction last year that would have valued it at approximately $800 billion, a figure that represents a significant increase from prior valuations. The potential IPO is rumored to be targeting a capital raise in the region of $25 billion.
The company’s financial foundation is built on a diverse portfolio. Its core rocket launch business, which includes missions for satellite deployment and International Space Station resupply using reusable vehicles, is a major revenue driver. Additionally, its Starlink global broadband network represents a rapidly expanding segment. Recent disclosures suggest annual revenues are approaching $15.5 billion, with a portion derived from contracts with government space agencies.
This move by SpaceX arrives amid a surge of anticipated activity in the technology IPO market for 2026. Several other prominent, high-value private firms in sectors like artificial intelligence are also the subject of intense speculation regarding public listings, with some valuations reportedly reaching into the hundreds of billions. These potential debuts of so-called “hectocorn” companies—privately held firms valued over $100 billion—are seen as a critical test for market sentiment.
Analysts note that while SpaceX’s long-term vision for interplanetary travel captures public imagination, investor focus will center on tangible growth metrics and the scalability of its current business lines, including ambitious projects like orbital infrastructure. The performance of these expected mega-listings will be closely watched as a barometer for the broader technology sector, determining whether recent market enthusiasm represents sustainable growth or speculative excess.
The involved financial institutions and SpaceX have not publicly commented on the reports.