New Delhi: Billionaire entrepreneur Elon Musk is reportedly preparing to launch what could become the largest Initial Public Offering (IPO) in global history. According to a report by the Financial Times, Musk’s space exploration company SpaceX is planning to go public as early as June 2026, with an aim to raise nearly $50 billion.
If the IPO materialises as expected, SpaceX’s valuation could soar to around $1.5 trillion, surpassing all previous records. The biggest IPO so far was that of Saudi Aramco, which raised $29 billion in 2019.
At a valuation of $1.5 trillion, Elon Musk’s stake in SpaceX would be worth approximately $625 billion, potentially pushing his total net worth beyond $1 trillion—making him the world’s first trillionaire. According to the Bloomberg Billionaires Index, Musk’s current net worth stands at about $677 billion, having risen by $57.2 billion so far this year.
IPO Timeline and Investment Banks
The report states that SpaceX’s Chief Financial Officer Bret Johnsen has been in discussions with existing investors since December last year regarding the IPO. June has reportedly been chosen as a tentative timeline, coinciding with Musk’s birthday on June 28.
Leading global investment banks, including Bank of America, Goldman Sachs, JPMorgan Chase, and Morgan Stanley, are expected to manage the offering.
Why SpaceX’s IPO Matters
One of the key drivers behind SpaceX’s aggressive IPO plans is the rapid growth of its Starlink satellite internet service, which is expanding globally and exploring direct-to-mobile connectivity. The company is also heavily investing in the development of its Starship rocket, a cornerstone of Musk’s long-term ambitions for missions to the Moon and Mars.
Additionally, part of the IPO proceeds may be used to develop space-based data centres, including the acquisition of advanced chips required to operate them.
Strong Revenue Outlook
SpaceX’s revenue is estimated at around $15 billion in 2025, with projections suggesting it could rise to $22–24 billion in 2026, driven largely by Starlink’s expanding subscriber base.
If successful, the SpaceX IPO will not only redefine capital markets but also cement Elon Musk’s position as the most valuable entrepreneur in modern history.
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