Wall Street could be heading into a booming IPO cycle in 2026, with SpaceX—Elon Musk’s space company—widely expected to lead the charge. According to international sources, SpaceX is considering an initial public offering of unprecedented scale, aiming to raise tens of billions of dollars and secure one of the highest valuations in global markets.

The Wall Street Journal reports that SpaceX has been receiving advisory proposals from major investment banks for a potential IPO. Earlier, Bloomberg said the company is targeting a mid-to-late 2026 listing, with plans to raise around $30 billion at a valuation of up to $1.5 trillion.

If those figures are achieved, SpaceX would surpass Saudi Aramco—which raised about $29 billion in its 2019 listing—to become the largest IPO in history. Notably, SpaceX is also reportedly buying back internal shares at a valuation of roughly $800 billion, double its valuation just last summer.

Why is SpaceX’s IPO plan attracting such intense market attention?

IPO activity often reflects Wall Street’s risk appetite and overall optimism. After a prolonged slowdown caused by high interest rates, the IPO market began to recover in 2025, laying the groundwork for much larger deals ahead.

Although SpaceX shares are not publicly traded, some investors are already betting on a strong market reaction. On the prediction platform Polymarket, the probability that SpaceX’s market capitalization could exceed $2 trillion on its first day of trading is estimated at around 14%.

For years, Musk has insisted he did not want to take SpaceX public, arguing that short-term market pressures could distract from the company’s long-term mission—especially its goal of sending humans to Mars.

More recently, however, Musk acknowledged a report suggesting SpaceX is considering an IPO to raise capital for orbital data center projects. The idea stems from concerns that power shortages are limiting the rapid expansion of AI, and that placing data centers in space—where they could harness solar energy—might offer a solution. SpaceX is also reportedly exploring the use of its Starlink satellites to handle AI-related workloads.

How could an IPO reshape Elon Musk’s personal wealth?

Elon Musk is already the world’s richest person. According to Bloomberg, SpaceX accounts for more than 25% of his estimated $470 billion fortune, and Musk owns roughly 42% of the company.

If he retains a large ownership stake when SpaceX goes public, Musk could move remarkably close to—if not actually reach—the milestone of becoming the world’s first trillionaire, far sooner than many previous forecasts suggested.

Is SpaceX a unique case in the upcoming IPO wave?

SpaceX is not alone. Several other major technology players are also rumored to be preparing for public listings. OpenAI, the company behind ChatGPT, has been valued at around $500 billion, while Anthropic is reportedly targeting a valuation of $300 billion. Other names frequently mentioned as potential IPO candidates include Databricks, ByteDance, and Stripe.

After the IPO boom of 2021 and the prolonged freeze that began in 2022 due to tighter monetary policy, investors have spent years waiting for the public markets to reopen in a meaningful way. While today’s pace remains modest compared with the post-pandemic surge, blockbuster deals like SpaceX could signal the beginning of a new chapter for Wall Street.