SpaceX sets 2026 IPO plans; $421 sale implies near $800B valuation

On December 12, SpaceX outlined steps toward a 2026 IPO, with a secondary sale at $421 per share implying about an $800 billion valuation, according to a shareholder letter reviewed by Reuters. If market conditions permit, the offering could raise more than $25 billion. Starlink now tops 8 million users, and analysts project $11.8–$15 billion in 2025 revenue.