SpaceX has taken a key step toward a long-anticipated public listing after informing employees it has entered a regulatory IPO quiet period, signalling progress toward a potential 2026 debut.
According to sources cited by Bloomberg, the Elon Musk-ed company issued an internal notice directing staff to avoid public discussion of its IPO plans, growth prospects, valuation or strategy. Such restrictions are standard under U.S. Securities and Exchange Commission rules ahead of a listing and apply to social media, interviews and public appearances.
SpaceX remains privately held but is reportedly targeting an IPO that could raise more than $30 billion and value the company at about $1.5 trillion, which would make it the largest public offering in history if completed.
In an internal memo, the company confirmed it is preparing for a possible 2026 IPO, while cautioning that timing and valuation remain subject to market conditions and regulatory approval, and that it could still opt not to proceed.
Proceeds from the offering would support SpaceX’s expansion plans, including scaling Starship launches, advancing space-based infrastructure projects and growing its Starlink satellite internet business.
The IPO preparations come amid renewed investor interest in large technology listings, even as concerns persist around valuation and capital-intensive business models.
