SpaceX, a private company specializing in space transportation and technology, led by Elon Musk, is preparing for its initial public offering (IPO) in the stock market between mid and late 2026, which could become the largest IPO globally.
Reports further indicate the company may raise approximately 30 billion U.S. dollars, or about 940 billion Thai baht, and could be valued as high as 1.5 trillion U.S. dollars, or roughly 47 trillion baht. Meanwhile, the online market Polymarket estimates a 14% chance that SpaceX’s market valuation will exceed 2 trillion U.S. dollars, or about 63 trillion baht, on its first trading day.
Additionally, the company has launched a secondary share sale, currently valuing SpaceX at around 800 billion U.S. dollars, or approximately 25 trillion baht, reinstating it as the world's most valuable private company.
SpaceX’s progression toward becoming a publicly listed company at this scale is primarily driven by rapid growth in its Starlink satellite internet business and advancements in the Starship rocket project aimed at lunar and Mars missions.
Currently, SpaceX leads the orbital launch industry with its Falcon 9 rockets and provides global satellite internet via Starlink. Previously, the company was valued at about 400 billion U.S. dollars during a secondary share sale in July.
, Bret Johnsen, Chief Financial Officer of SpaceX, stated that the funds raised will be used to increase Starship launch rates, develop AI data centers in space, build Moonbase Alpha, and support both unmanned and crewed Mars missions. He added that if market conditions are favorable, the IPO could raise significant capital.
If SpaceX achieves these goals, it could surpass Saudi Aramco—the Saudi national oil company that held the record for the largest IPO with about 2.9 billion U.S. dollars raised in 2019—making SpaceX’s move a major focus for U.S. investors.
Moreover, going public at this scale would increase Elon Musk’s wealth; currently regarded as the richest person globally, the Bloomberg Billionaires Index recently estimated his net worth near 638 billion U.S. dollars or roughly 20 trillion baht, following SpaceX’s valuation of about 800 billion U.S. dollars from internal share sales.
As the founder and CEO, Musk owns approximately 42% of SpaceX, valued at about 317 billion U.S. dollars. Should SpaceX go public as early as next year, it could propel him to become the world's first trillionaire, much sooner than many had anticipated.
Last week, Musk confirmed that reports about SpaceX’s potential IPO to fund orbital AI data center technology are accurate and that Starlink was discussed during investor presentations.
Musk had long opposed taking SpaceX public, repeatedly stating his reluctance due to concerns that short-term investor pressures could undermine long-term objectives, such as Mars exploration missions that require sustained focus beyond quarterly profits.
However, current ambitious project funding needs have become the main driver behind the IPO decision. The primary reason for this shift is the substantial capital required and evolving business demands, especially the development of space-based data centers leveraging Starlink satellites, which will become the core infrastructure for future space computing.
This move also enables Musk to accelerate his vision for humanity by providing funds to support Starship’s development—a massive rocket critical to establishing a human foothold on Mars.
While SpaceX has successfully raised private capital, public markets offer vastly larger funding pools necessary for such capital-intensive projects. Additionally, going public allows existing private shareholders, including Google, to more easily liquidate shares and realize gains, with Google publicly supporting the IPO.
Source information Bloomberg, , Reuters.
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