SpaceX is moving through a new round of IPO speculation after fresh market reports said the company could file confidentially with U.S. regulators later this week or next week. The timing is still not confirmed by the company, but the filing window now appears closer than earlier 2026 estimates.
SpaceX IPO Filing Window is Now in Focus
SpaceX may submit its IPO prospectus to regulators later this week or next week. Advisers involved in the process expect the offering could aim to raise more than $75 billion, and the share allocation for individual investors could exceed 20%, though that portion is not final. SpaceX has not publicly confirmed the timing, and the plans could still change before any filing appears.
The latest timeline follows comments from late 2025 that helped push the IPO discussion into the open. At that time, space journalist Eric Berger said he believed SpaceX was moving toward a public listing, and Elon Musk responded on X that Berger was accurate. That exchange pointed to a listing plan, but it did not lock in a filing date.
Previous IPO Preparations Point to a Mid-2026 Target
Earlier 2026 reporting had already pointed to a possible mid-June listing. In January, market reports said SpaceX was weighing an IPO that could raise about $50 billion at a valuation near $1.5 trillion. In February, reports said SpaceX was targeting a valuation above $1.75 trillion, with a confidential March filing seen as a path to a June listing.
The company has also moved through other steps that usually appear before a large listing. SpaceX was valued at about $800 billion in a late-2025 secondary share sale, and earlier reports said major Wall Street banks were being considered for senior underwriting roles. Last week, market reporting also said SpaceX had selected Gibson Dunn and Davis Polk as legal advisers for the IPO process.
Starlink and xAI Remain Central
The valuation case around SpaceX continues to rest on Starlink and the wider business built around it. SpaceX generated about $15 billion to $16 billion in revenue last year, with about $8 billion in profit, while Starlink accounted for a large share of the business. Morningstar separately estimated nearly $16 billion in 2025 revenue and about $7.5 billion in EBITDA, also driven mainly by Starlink growth.
Meanwhile, SpaceX completed its acquisition of Musk’s artificial intelligence startup xAI in an all-stock deal that valued the combined entity at about $1.25 trillion.
Recently, xAI lost more cofounders as Elon Musk pushed ahead with a broader restructuring at the artificial intelligence startup. The exits came as Musk reviewed the company’s coding division and brought in senior staff from SpaceX and Tesla to assess operations.
Amid the IPO buzz, SpaceX’s tokenized stock on PreStocks moved higher, showing a softer reaction in secondary trading. CoinCodex data showed the tokenized stock up 0.8% to $693.74, after trading between $681.23 and $699.50 over the past 24 hours.
Trading volume also increased $13% during the same period, while the token remained more than 22% below its all-time high.
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