Elon Musk’s SpaceX is reportedly weighing a mid-June initial public offering, aiming to raise as much as $50 billion at a valuation of roughly $1.5 trillion, the Financial Times reported on Wednesday, citing people familiar with the matter.
Reuters could not immediately verify the report, and SpaceX did not respond to a request for comment. The reported fundraising would double earlier estimates, positioning the rocket and satellite company’s listing as the largest in history, surpassing Saudi Aramco’s $29 billion IPO in 2019.
SpaceX Chief Financial Officer Bret Johnsen has reportedly been holding talks and Zoom calls with existing private investors since mid-December to explore a mid-2026 IPO, the newspaper added.
Another reason for targeting June is Musk’s birthday, which falls on June 28, the sources said.
The FT also previously reported that Bank of America, Goldman Sachs, JPMorgan Chase, and Morgan Stanley were being lined up to lead the blockbuster deal.
