SpaceX IPO: Everything You Need to Know

Author: Matt Weller, CFA, CMT

Date: February 18, 2026

Overview of SpaceX

Space Exploration Technologies Corp (SpaceX), founded in 2002 by Elon Musk, is a leading private aerospace manufacturer and space transportation company. It is known for developing rockets, operating a global satellite internet network (Starlink), and pursuing ambitious goals in space exploration and artificial intelligence.

Current Status and IPO Plans

As of early 2026, SpaceX remains privately held but is reportedly preparing for a public offering, potentially in mid-2026. Analysts estimate the company's valuation to be between $1.25 trillion and $1.5 trillion, with expectations of raising up to $50 billion through the IPO.

Key Developments

Merger with xAI

In February 2026, SpaceX acquired Elon Musk's AI company, xAI, in an all-stock deal, consolidating multiple high-growth technology assets. This merger aims to enhance the integration of AI with SpaceX's satellite and launch capabilities, potentially leading to innovative space-based AI data centers.

Reasons for Going Public

A public offering would provide SpaceX with:

• Access to capital for Starship development and commercial operations.
• Funding for the expansion of Starlink and space data center infrastructure.
• Liquidity for early investors and employees.

Funding History

SpaceX has raised approximately $11.9 billion over its history through various funding rounds, with significant investments from major firms like Google and Fidelity.

IPO Timeline and Valuation

Reports suggest that SpaceX could file for an IPO as early as June 2026, coinciding with Elon Musk's birthday. The anticipated valuation at the time of the IPO could be around $1.5 trillion, making it one of the largest IPOs in history.

Financial Profile and Ownership

SpaceX does not publicly disclose its financial statements, but estimates indicate strong revenue generation from its launch services and Starlink operations. Elon Musk remains the largest shareholder, and if the IPO proceeds, he may implement a dual-class stock structure to maintain control.

Competitive Landscape

SpaceX faces competition in various sectors, including:

• Launch services: Competing with companies like Blue Origin and ULA.
• Satellite broadband: Competing with OneWeb and Amazon's Project Kuiper.
• AI and computing infrastructure: Competing with major tech firms like Google and Microsoft.

Conclusion

SpaceX is on the verge of a significant transition with its potential IPO in mid-2026, following its merger with xAI. Investors are advised to monitor for formal SEC filings that will confirm the timing and terms of the IPO.