Private Markets: Musk’s SpaceX targets 2026 IPO at valuation of $1.5T

Elon Musk’s SpaceX is moving ahead with plans for an initial public offering that would seek to raise “significantly more” than $30B at a valuation of about $1.5T, which would make it the biggest listing of all time, people familiar with the matter told Bloomberg’s Ed Ludlow and Eric Johnson. SpaceX’s management and advisers are pursuing a listing as soon as mid-to-late 2026, but the timing of the IPO could change based on market conditions and other factors, and one of the people said the timing could slip until 2027, the report noted. Other publicly traded companies in the space include FireFly Aerospace (FLY), Rocket Lab (RKLB), Intuitive Machines (LUNR), EchoStar (SATS), Boeing (BA), AST SpaceMobile (ASTS), Virgin Galactic (SPCE), Lockheed Martin (LMT), Northrop Grumman (NOC), and L3Harris Technologies (LHX).