SpaceX is aiming for a $1.8 trillion valuation when it goes public in 2026, according to the company's internal targets. The figure, if realized, would make the rocket and satellite firm one of the most valuable companies on any stock exchange.
A massive valuation target
The $1.8 trillion mark is more than double the current valuation of Tesla, the electric carmaker run by SpaceX's founder. It would also eclipse the market capitalizations of most tech giants. SpaceX has not publicly commented on the target, but the number signals the company's confidence in its future revenue streams — from satellite internet, launch services, and potential Starship missions.
SpaceX has already raised billions in private funding rounds. Its latest secondary share sales valued the company at around $180 billion. The IPO target represents a tenfold increase over those private valuations.
The path to a public offering
Company officials have indicated a 2026 IPO for several quarters. The exact timing will depend on market conditions, regulatory approvals, and the progress of key programs like Starship. SpaceX has not yet filed a registration statement with the Securities and Exchange Commission, a step required before any public offering.
If it hits the target, SpaceX would be the largest IPO in history by a wide margin. The current record holder is Alibaba, which raised $25 billion in 2014 at a valuation of around $168 billion. A $1.8 trillion listing would dwarf that.
What comes next
Investors are watching for any official filings or roadshow announcements. The company's next major milestone is the orbital test flight of Starship, which could boost confidence in its long-term prospects. Without a successful Starship program, some analysts question whether SpaceX can justify such a high valuation.
The 2026 date is still three years away. That gives SpaceX time to ramp up revenue from Starlink, secure more government contracts, and prove its heavy-lift rocket works. The company's plans will likely face scrutiny from regulators and potential investors in the years ahead.
