Jan 28 (Reuters) – SpaceX, Elon Musk’s space rocket startup, is considering an initial public offering in mid-June, aiming to raise up to $50 billion at a valuation of approximately $1.5 trillion, the Financial Times reported on Wednesday, citing sources familiar with the matter.
Reuters could not immediately verify the report. SpaceX did not respond to a request for comment from Reuters.
The announced fundraising target doubles previous estimates, positioning the rocket and satellite company’s listing as the largest in history in terms of deal size, after Saudi Aramco’s US$29 billion initial public offering in 2019.
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The delisting gave Aramco a market capitalization of US$1.7 trillion, and was the only completed transaction that achieved a valuation of more than US$1 trillion.
SpaceX Chief Financial Officer Bret Johnsen has been in talks with private investors since December to explore a mid-2026 IPO, the newspaper added.
While Musk has long expressed his preference for keeping SpaceX private, people familiar with his thinking have indicated that the company’s rising valuation and the success of its Starlink satellite internet service have prompted a shift in strategy.
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SpaceX is tapping four Wall Street banks to play key roles in its market debut, Reuters reported last week, citing a source.
Global financial markets are gearing up for a year of potential US mega-listings, led by SpaceX, with artificial intelligence companies Anthropic and OpenAI also laying the groundwork for possible IPOs.
(Reporterem with the Queen of Palala,
