On December 13, news from foreign media citing internal SpaceX sources revealed that this aerospace giant, led by Elon Musk, has officially approved a new round of internal stock transactions, resulting in the company's valuation soaring to approximately $800 billion, nearly doubling from six months ago; at the same time, SpaceX clearly stated that it is advancing preparations for its public offering (IPO) in 2026, marking another significant trigger point in the capital frenzy of the aerospace sector.
The core pricing of this internal stock transaction is quite impactful—each share is priced at $421, nearly doubling from $212 per share in July of this year. Looking back to July, SpaceX's valuation was set at $400 billion through a combination of financing and share sales. In just five months, the rapid doubling of valuation not only confirms the capital market's high recognition of the aerospace sector but also highlights SpaceX's strong momentum in technological breakthroughs and commercial landing. This pricing plan was formally communicated to shareholders by SpaceX's Chief Financial Officer, Brett Johnson, providing a clear basis for internal equity transfer and value anchoring.
It is worth noting that SpaceX has set an even more ambitious valuation target: aiming for a total market cap of $1.5 trillion. If this goal is successfully achieved, its market cap will be very close to the global record level set by Saudi Aramco at its IPO in 2019, potentially rewriting the market cap landscape in the global technology and space sectors. From $400 billion to $800 billion in just six months, and now targeting $1.5 trillion in the long term, Musk's path for SpaceX's business expansion has gradually become clearer, with the IPO seen as a key stepping stone to achieve this goal.
Currently, SpaceX is accelerating the preparations for its IPO in 2026. Although the specific listing time, financing scale, and issuance structure have not yet been disclosed, the recent internal stock transaction undoubtedly serves as an important market validation of the company's value, laying a core foundation for subsequent IPO pricing and investor introduction. As a leader in global space commercialization, SpaceX has built a differentiated competitive barrier through the large-scale deployment of the Starlink program, the mature iteration of rocket recovery technology, and the diversified expansion of manned spaceflight and deep space exploration businesses. Its commercial monetization capability is continuously being released—Starlink's user base and revenue are steadily growing, and its rocket launch services occupy a core share of the global commercial launch market, with multiple business synergies supporting the rapid rise in valuation.
However, in response to the recent surge in valuation, internal trading, and IPO preparation-related news, SpaceX's official representatives have not yet responded to media requests for comments, and further specific developments will have to wait for the company's official announcement. However, the capital market's attention on SpaceX has once again reached a peak; this $800 billion valuation not only further attracts global capital to focus on the commercialization of space but also fills the market with anticipation for its IPO in 2026. If the IPO progresses smoothly, SpaceX is expected to become another trillion-dollar company under Musk, following Tesla, further consolidating its influence in the global technology and business fields.
From an industry perspective, the rapid growth of SpaceX's valuation also reflects that the global aerospace industry has now entered a development bonus period. As the threshold for commercial space technology gradually decreases and application scenarios continue to expand, the enthusiasm of capital to enter the market is constantly increasing. With its first-mover advantage and technological barriers, SpaceX is leading the industry into a new phase of scaled commercial monetization. In the future, with the full deployment of the Starlink program, breakthroughs in interstellar transportation technology, and the capital support brought by the IPO, whether SpaceX can achieve its $1.5 trillion valuation target as planned will become a core focus for the global capital market and the aerospace field.
