Want to invest in SpaceX? Elon Musk owned rocket-maker hints at 2026 IPO; chasing a massive $800 billion valuation
Its Starlink broadband service is also used widely around the world, including in remote parts of the US and in the war in Ukraine.
Starlink now has more than eight million active customers, which many investors believe is helping push the company’s valuation higher, Wall Street Journal reported. The IPO market has shown signs of improvement this year after a long slowdown.
Shares of Circle Internet Group and Figma rose sharply when they went public in 2025.
The government shutdown slowed activity, but many bankers and investors think 2026 could see IPO levels return to normal.
SpaceX runs its share sale as a tender offer, something it usually does twice a year.
This allows employees and early investors to sell some of the shares they already hold.
The company is almost 25 years old but hasn’t yet gone public. The Texas-based company continues to fly missions for commercial satellite firms and for US agencies including NASA, the Pentagon and the intelligence community.
It also regularly launches its own satellites.
There are around 9,000 Starlink satellites in low-Earth orbit providing high-speed internet to homes, businesses and airlines. SpaceX is also building a service to link satellites directly to mobile phones.
To support that project, the company has agreed to buy spectrum from EchoStar.
It has committed more than $20 billion in cash, stock and debt to secure the spectrum. “We are so pleased to be doing this transaction with @EchoStar and working with operators across the globe to advance our mission to end mobile dead zones everywhere on Earth,” SpaceX President Gwynne Shotwell said in a September post on X. The company is also spending heavily on Starship, the large rocket it is developing for future missions, including NASA’s planned moon landing with astronauts. Tech site The Information earlier reported that SpaceX had been speaking with investors about the timing of a possible IPO.