"SpaceX Plans IPO Next Year, Aiming to Raise Record $30 Billion"

Aiming for a $1.5 Trillion Valuation

Bloomberg News reported on the 9th (local time), citing sources, that SpaceX, the space company led by Tesla CEO Elon Musk, is planning to pursue an initial public offering (IPO) next year with the goal of raising $30 billion (approximately 44 trillion won).

SpaceX aims for a company valuation of $1.5 trillion in the IPO. If it succeeds in raising $30 billion, it would surpass the $29 billion raised by Saudi Aramco in 2019, making it the largest IPO in history.

Reuters Yonhap News

SpaceX executives and advisors have stated that the company is seeking to go public as early as the second half of 2026. However, this timeline could change depending on market conditions, and one source noted that the IPO could be delayed until 2027.

According to sources, during the recent completion of an insider share sale, CEO Musk and the board discussed plans for the IPO and capital raising. Two sources revealed that SpaceX intends to use a portion of the IPO proceeds to develop space-based data centers and plans to purchase the necessary chips for this purpose. CEO Musk recently expressed interest in this vision at an event with Baron Capital.

SpaceX is accelerating its IPO plans, driven by the rapid growth of its Starlink satellite internet service and the Starship rocket project.

Sources estimate that SpaceX will generate about $15 billion in revenue this year and expects to expand that to $22 billion to $24 billion next year. Most of the revenue appears to come from Starlink.

On December 6, CEO Musk stated on his social networking service X (formerly Twitter), "SpaceX has had positive cash flow for several years and regularly buys back shares twice a year to provide liquidity for employees and investors." He added, "The increase in valuation is due to progress with Starship and Starlink, as well as the acquisition of global direct-to-cell spectrum, which will greatly expand the accessible market."

Following the news of the SpaceX IPO, shares of other space companies also rose on the New York Stock Exchange. EchoStar, which has agreed to sell frequency licenses to SpaceX, surged as much as 12% during the day, hitting an intraday high, while space transportation company Rocket Lab climbed as much as 4.3%.

This content was produced with the assistance of AI translation services.