SpaceX is already valued at USD 800 billion. The company plans an IPO in 2026

Billionaire Elon Musk's SpaceX is conducting a shareholder sale transaction that will value the rocket and satellite company at around $800 billion in what could be the largest initial public offering in history.

As Bloomberg reported earlier this week, SpaceX is pursuing plans for an initial public offering in 2026 that aims to raise more than $30 billion to finance the Starship rocket, artificial intelligence data centers in space and a base on the Moon.

The Musk-led company plans to value the entire enterprise at around $1.5 trillion, which would put SpaceX near the market value that Saudi Aramco achieved during its record-breaking 2019 public offering.

The $421-per-share price in the latest secondary offering, outlined by SpaceX Chief Financial Officer Bret Johnsen in a note to shareholders, is nearly double the $212-per-share price set in July at a $400 billion valuation.

This value surpasses the previous record of $500 billion set in October by ChatGPT owner OpenAI, again making SpaceX the most valuable unlisted company in the world.

SpaceX, the world's most popular rocket launcher, dominates the space industry with its Falcon 9 rocket.

SpaceX is also an industry leader in providing internet services from low Earth orbit through Starlink, a system of thousands of satellites serving millions of customers. (PAP Business)

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