SpaceX: Elon Musk plans largest stock market listing of all time
Elon Musk’s space company SpaceX is targeting a stock market debut in mid-June 2026. The company is aiming for proceeds of up to 50 billion dollars at a valuation of around 1.5 trillion dollars, according to the Financial Times citing insiders. The planned proceeds would thus be almost double what was previously announced and would make the IPO the largest in history measured by deal volume.
SpaceX set to break Aramco record
SpaceX would thereby surpass the current record holder: Saudi oil giant Aramco, which raised around 29 billion dollars at its debut in 2019. The upcoming IPO would catapult Musk’s rocket and satellite company into the league of the world’s most valuable corporations.
Musk had long hesitated to take SpaceX public and emphasized his preference for the company’s private status. However, the success of the satellite internet service Starlink is said to have prompted him to a strategic rethink.
Wall Street banks position themselves for mega-deal
According to Reuters, SpaceX has selected four Wall Street banks for leading roles in its IPO. Morgan Stanley is considered the favorite for a key role due to its close relationships with Musk. Bank of America, Goldman Sachs, and JPMorgan Chase are also being discussed as accompanying banks. The constellation shows how the financial industry is positioning itself for one of the largest deals of the coming years.
Global financial markets are preparing for a year of potential mega-listings from the United States, led by SpaceX. AI giants Anthropic and OpenAI are also laying early groundwork for possible IPOs. A recovery in activity in the US capital markets began in 2025 after three years of limited activity, partly as a result of ongoing volatility and geopolitical tensions.
