SpaceX IPO Rumors Surface
Reports say SpaceX is preparing for a possible IPO that could see the company added to major ETFs and the S&P 500, and Elon Musk is reportedly in settlement talks with the SEC as part of the backdrop to that move. The chatter suggests big implications for hiring, capital availability, and competition in launch and spacecraft programs. (fool.com) (axios.com)
SpaceX has added Citigroup to a senior‑lead IPO bank group that already includes Bank of America, Goldman Sachs, JPMorgan and Morgan Stanley, with Barclays, Deutsche Bank, UBS, RBC and Mizuho also reported on the deal team. (Bloomberg: ) People familiar with the talks say SpaceX is targeting a valuation north of $1.5 trillion and could seek as much as $50 billion in fresh capital, a size that would eclipse Saudi Aramco’s $29 billion 2019 IPO record. (Bloomberg: ) Two sources told Reuters that SpaceX generated roughly $8 billion of EBITDA profit on about $15–$16 billion of revenue in 2025, with Starlink described as supplying between 50% and 80% of that revenue mix. (Reuters via US News: ) Elon Musk and the U.S. Securities and Exchange Commission are reported to be in talks to settle the SEC’s lawsuit over his 2022 Twitter/X disclosure timing, and IPO advisers have signaled they want that litigation resolved before launching a massive offering. (Reuters via US News: ) (Axios: ) S&P Dow Jones Indices is exploring index‑rule changes that could fast‑track a newly listed mega‑cap’s entry into the S&P 500, a move Bloomberg says would force “billions of dollars” of passive buying given roughly $24 trillion tied to the index. (Bloomberg: ) Reporting indicates SpaceX completed an acquisition of xAI in February that valued the combined entity at about $1.25 trillion, and regulators have cleared related moves such as an FTC early‑termination step that lets Tesla convert an xAI stake into a small SpaceX position. (Bloomberg: ) (MSN: ) Sources say SpaceX is targeting a confidential IPO filing as soon as March with market windows and some analysts projecting a potential public debut in June 2026, timing that would align with the company’s reported plans to accelerate Starship flights and expand Starlink capacity. (Bloomberg: ) (Motley Fool: )
