SpaceX plans a $50 billion IPO at a $1.5 trillion valuation, Reuters reports
According to the latest data from Reuters, citing sources familiar with SpaceX’s IPO discussions, Elon Musk’s company could raise up to $50 billion at a valuation of $1.5 trillion.
Reuters reports that in 2025 SpaceX generated approximately $8 billion in profit on revenue of $15–16 billion. These figures provide new insight into the financial health of Musk’s space company, which is expected to go public in mid-2026. The IPO is envisioned by Musk as the largest in history and is expected to coincide with his 55th birthday on June 28.
The reported profit figure refers to earnings before interest, taxes, depreciation, and amortization (EBITDA), a key measure of operating performance. Starlink, SpaceX’s satellite internet system, is the company’s primary revenue driver, accounting for between 50% and 80% of total revenue, according to sources.
The rapid deployment of 9,500 Starlink satellites since 2019 has made SpaceX the world’s largest satellite operator, serving more than 9 million broadband internet users. The internet service, along with government contracts tied to Starlink and the military satellite network Starshield, generates core revenue that helps fund development of the next-generation Starship rocket. Musk plans to use Starship to deploy more powerful Starlink satellites into orbit.
From connectivity to data centers
Last year, SpaceX acquired wireless spectrum rights from EchoStar (SATS.O) for $19 billion, expanding Starlink into the direct-to-device market, where mobile phones can connect directly to Starlink satellites without requiring a user terminal.
Musk expects Starship, which has conducted 11 test launches since 2023, to begin launching payloads into space this year. Using Starship, the billionaire aims to build orbital artificial intelligence data centers, which he believes could be more cost-efficient than Earth-based facilities due to greater access to solar energy and the lack of cooling requirements.
As we wrote, Tesla stock down 1.1% despite $2B xAI investment
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