Elon Musk-led SpaceX, the global leader in private space exploration and satellite-based internet services, is moving ahead with a major insider share sale that values the company at around $800 billion, potentially paving the way for the largest IPO in history.
SpaceX also dominates the low-Earth orbit (LEO) internet market through its Starlink network — a constellation of thousands of satellites that currently serves millions of customers worldwide, making it the industry benchmark in space-based broadband services.
According to a company message reviewed by Bloomberg, SpaceX is preparing for a possible public listing in 2026. The proposed IPO is expected to fund ambitious growth plans, including an “insane flight rate” for its next-generation Starship rocket, the development of AI-powered data centres in space, and even the establishment of a moon base.
In its latest secondary share offering, SpaceX has set a per-share price of $421, as outlined by Chief Financial Officer Bret Johnsen in a memo to shareholders. This marks a sharp jump from the $212 per share valuation in July, when the company was valued at approximately $400 billion.
With this surge, SpaceX has surpassed the previous private market valuation record of $500 billion set by OpenAI in October, reclaiming its position as the world’s most valuable privately held company and intensifying market anticipation around its eventual IPO.
