SpaceX Sets $800 Billion Internal Valuation, Paving Way for Possible 2026 IPO

Overview

• A shareholder letter from CFO Bret Johnsen set secondary pricing at $421 per share and authorized up to $2.56 billion in purchases from eligible holders.
• The internal price implies roughly an $800 billion valuation, nearly doubling July’s approximate $400 billion level based on $212 per share.
• The company says it is preparing for a possible 2026 IPO, with the timing, valuation and a final go‑ahead still uncertain.
• Stated funding priorities include accelerating Starship launch cadence, expanding Starlink with direct‑to‑cell service, deploying space‑based AI data centers and pursuing a lunar base and Mars missions.
• Media reports describe planning discussions for an IPO that could raise well over $25–30 billion and reference a broader group valuation near $1.5 trillion, while SpaceX declined further comment and Elon Musk hinted at IPO intent on X.