SpaceX is reportedly closing in on an IPO valuation of roughly $1.8 trillion, according to Crypto Briefing. The report, which cites unnamed sources close to the company, suggests the private rocket builder could be one of the most valuable public listings in history — if the numbers hold.
What the report actually says
Crypto Briefing published the story on Friday, stating that SpaceX's internal valuation discussions have settled around the $1.8 trillion mark. The outlet didn't name specific bankers or provide a timeline for the IPO. It also didn't say whether Elon Musk's other ventures — Tesla, X, or xAI — factor into the figure. The report is thin on operational details, and neither SpaceX nor Musk have commented publicly.
Why this number stands out
At $1.8 trillion, SpaceX would be worth more than the entire market cap of companies like Meta or Berkshire Hathaway. Only a handful of firms — Apple, Microsoft, Nvidia, Saudi Aramco — currently sit above that level. For a company that still loses money on some launches and relies heavily on government contracts, the valuation would be a massive bet on Starship, Starlink, and future Mars missions. It's also a reminder that private-market hype hasn't cooled despite a tough 2025 for tech IPOs.
The timing isn't great for a routine check: the broader IPO market has been choppy, and regulators are taking a harder look at high-growth listings. But SpaceX has a cult following among retail investors and institutions alike, which could help it defy the headwinds.
What comes next
No S-1 has been filed, and no underwriter has been named publicly. The next concrete step would be a confidential filing with the SEC, which hasn't happened yet. Until then, the $1.8 trillion figure is just a rumor — albeit one that Crypto Briefing says is credible. Keep an eye on SpaceX's next Starlink revenue disclosure, which could offer a more grounded clue about the company's actual financial trajectory.
