SpaceX IPO Targets $1.75 Trillion Valuation, Goldman Sachs to Lead
SpaceX is moving ahead with plans for an initial public offering that could shatter all records, with Goldman Sachs Group securing the coveted "lead left" position on the banking syndicate. The Elon Musk-founded space company is targeting a valuation of up to $1.75 trillion and aims to raise approximately $75 billion, which would make it the largest IPO in history by a wide margin, eclipsing Saudi Aramco's $29.4 billion offering in 2019.
The Information reports that SpaceX's IPO prospectus will read like a kaleidoscope, mixing huge financial losses with exciting growth promises across rocket launches, satellite internet via Starlink, social media through X (formerly Twitter), AI models, data centers, defense contracting, and the Mars colonization vision. The company has also announced plans to acquire Cursor, the AI coding assistant, 30 days after the IPO.
BlackRock is reportedly weighing a multibillion-dollar investment in the IPO, and early investors like Founders Fund and Valor Equity could see returns exceeding $60 billion each. Cerebras, the AI chipmaker, recently debuted as 2026's biggest IPO so far, but it may soon be dwarfed by SpaceX's mega-listing.
The IPO comes amid a broader resurgence in the public markets, with Goldman Sachs expecting over 100 IPOs totaling $160 billion to come to market in 2026. Other anticipated listings include OpenAI and Anthropic, making 2026 a landmark year for technology public offerings.
If priced at $1.75 trillion, SpaceX's IPO would be the largest in history and a defining moment for the space-tech industry. The inclusion of Cursor acquisition signals SpaceX's ambition to become a horizontal tech conglomerate spanning space, AI, and developer tools.
How much is SpaceX aiming to raise in its IPO?
SpaceX is targeting a valuation of up to $1.75 trillion and aims to raise approximately $75 billion, which would make it the largest IPO in history.
Which bank is leading the SpaceX IPO?
Goldman Sachs has secured the lead left position, putting it in the driver's seat for what is expected to be the largest IPO ever.