SpaceX IPO: Company Prepares for 2026 Listing After Valuation Soars to $800 Billion

According to the Wall Street Journal, SpaceX has begun the process of selecting investment banks as part of a potential listing, with senior executives set to interview this week and a 2026 listing eyed. The company’s internal memo from Chief Financial Officer Bret Johnsen confirmed that SpaceX is preparing for a possible public offering, while noting that no definite timeline has been set and that plans remain subject to significant uncertainty.

Reports indicate an internal secondary share sale is underway, with a tender offer priced at $421 per share, implying a total valuation of approximately $800 billion—a doubling from roughly $400 billion six months earlier. The story and its valuations are framed around SpaceX’s growing Starlink satellite internet business and other launches, with Elon Musk’s wealth rising in tandem as the company’s worth climbs.

Alphabet, Google’s parent, is described as a potential external beneficiary, with previous disclosures suggesting unrealised gains tied to SpaceX’s valuation; Alphabet’s exact ownership figures were not disclosed.