According to the Financial Times, SpaceX is mulling a mid-June 2026 initial public offering (IPO). The ambitious plan could raise $50 billion and value the space exploration company at a staggering $1.5 trillion. Such a listing would be the largest stock market debut in history, surpassing Saudi Aramco's $29 billion IPO in 2019.

Chief Financial Officer Bret Johnsen has reportedly discussed the possibility with current private investors since December. Despite founder Elon Musk's historical preference for remaining private, the company's soaring valuation and the rapid growth of its Starlink unit are reportedly driving the change of heart. Wall Street banks are already being lined up to manage the transaction, as equity capital markets are rebounding.

The potential SpaceX IPO comes as the U.S. equity market is showing signs of recovery. Other companies, including AI firms like Anthropic and OpenAI, are also preparing for possible IPOs. For private equity and growth investors, SpaceX's consideration of a public offering signals renewed confidence in public markets as an exit strategy.

If SpaceX goes public, it will provide a landmark liquidity event for the company's private backers and employees. Investors will be keenly watching the market's reaction, especially considering the already high valuations of other tech companies. The success or failure of the IPO will likely shape the strategies of other large private technology firms.