Elon Musk’s space exploration firm, SpaceX, will reportedly be moving towards an IPO by 2026, according to Reuters. SpaceX is one of Elon Musk’s multiple companies that he leads alongside industries such as AI, electric vehicles, and other sectors.
While the exact figures are unclear, estimates peg the value of the IPO to go beyond a $1 trillion valuation.
The update has received much attention from investors, indicating this would be one of the larger market debuts next year, saying it will be the ‘craziest IPO’ ever. SpaceX stands as a competitor to Jeff Bezos’ Blue Origin.
Currently, the bulk of IPO and private investments is being focused on AI. While no pure-play AI company has done its IPO, firms such as HUMAIN, OpenAI, and Anthropic are reportedly considering going public.
Musk is chasing growth most aggressively in Tesla, xAI, and X, firms where he’s integrated AI offerings into the products. He recently crossed $500 billion in net worth, owing to his massive equity stakes in all these companies.
The billionaire entrepreneur is also looking for compensation as part of the growth journey.
Musk is seeking to earn a big payday off Tesla, demanding a $1 trillion pay package if certain performance metrics are met, including an $8.5 trillion market value. He’s received approval for the pay package from the majority of shareholders, but the Norway Wealth Fund opposed it, citing concerns over the size of the award.