SpaceX's business could reach trillion-dollar valuation

SpaceX is reportedly preparing for a 2026 IPO and its Starlink satellite service now serves more than nine million active customers across over 155 countries and territories.

SpaceX is reportedly preparing for an initial public offering that could take place in 2026 after a recent merger with Elon Musk's AI company, xAI. The company began by building rockets and expanded into satellite internet and broader orbital infrastructure. Falcon 9's reusability helped turn launches into a repeatable business and increased launch cadence. Today Starlink and related services are a central commercial focus while Starship is positioned as the next-generation launcher. Key details: - SpaceX is reportedly preparing for a 2026 IPO that some reports say could target a valuation near US$1.5 trillion. - The company merged with xAI, and Elon Musk has discussed space-based AI and orbital data centers as part of the combined long-term vision. - Falcon 9 is SpaceX's reusable workhorse and enabled higher launch frequency through booster recovery and reuse. - Starlink has reportedly placed more than 9,000 satellites and serves over nine million active customers in more than 155 countries and territories. - Starship has not yet entered full commercial service but is intended to carry larger payloads, support future Starlink launches, and enable expanded orbital infrastructure. - Private-market valuations were reported near US$800 billion for SpaceX and about US$1.25 trillion for the combined business, with reported revenue near US$15.5 billion in 2025 and projected US$22–24 billion in 2026. Summary: If SpaceX proceeds with an IPO, it would be selling a business that combines rocket launches, satellite internet, and developing AI and orbital infrastructure. Starlink is reported to generate the majority of current revenue while Starship and orbital data centers represent future growth avenues. Timing and specific outcomes of a public offering are undetermined at this time.