SpaceX is making some waves in the investment market as the space company is eying a secondary share sale and a potential initial public offering in 2026.
According to the Wall Street Journal, SpaceX’s Chief Financial Officer Bret Johnson spoke to investors about an upcoming secondary share sale, also known as a tender offer. According to reports, SpaceX is valuing the company at $800B, a 100% increase from its July 2025 valuation of $400B. It remains unclear if the company will reach its lofty valuation, but if it does, it would make SpaceX the most valuable private company in the US, surpassing OpenAI.
UPDATE: Elon Musk has said this report is “not accurate.”
On the IPO side, 2026 is shaping up to be a profitable year for companies going public. The last three years saw weak IPO’s becoming the norm, but this summer saw a bounce back with Figma and Circle Internet Group both doing well.
In terms of numbers, SpaceX is in a strong position. The company is expecting to generate around $15.5 B in revenue this year, and this will only increase as Starlink expands with the purchase of the EchoStar spectrum, and Starship nears launch. Plus, SpaceX is a primary contractor for NASA, the Department of Defence and a range of intelligence agencies, providing satellite and launch services for the foreseeable future.
