SpaceX is expected to create the "largest IPO in history" next year: estimated valuation skyrocket to $800 billion, with a goal to reach the astronomical figure of $1.5 trillion.

An internal company memo shows that Elon Musk's rocket and satellite manufacturing company, SpaceX, is preparing for a possible public listing in 2026, aiming to provide funding for its in-development "Starship" rocket to achieve "amazing launch frequency", space AI data centers, and moon bases. It is reported that SpaceX is advancing an internal stock sale, which will value the company at around $800 billion, paving the way for potentially the largest IPO in history. According to a memo from CFO Bret Johnson to shareholders, the latest secondary offering is priced at $421 per share, nearly double the price of $212 per share in July (corresponding to a valuation of $400 billion). This valuation surpasses the $500 billion record set by OpenAI, owner of ChatGPT, in October, making SpaceX once again the world's most valuable non-publicly traded company. If Musk decides to proceed with an IPO, it will be another notable business move, but its success will depend on a series of ambitious and high-risk plans that SpaceX must complete in the coming years. As reported earlier this week, SpaceX is advancing its IPO plans with the goal of raising over $30 billion through the offering, making it the largest IPO project in history. The company, led by Musk, is seeking to achieve a valuation of around $1.5 trillion for the entire company, which would bring SpaceX close to the valuation level established by Saudi Aramco in its record-breaking IPO in 2019. Johnson stated in an email that the timing and corresponding valuation of the IPO are not yet determined, and the company may decide not to proceed with the listing plan. Representatives from SpaceX (officially known as Space Exploration Technologies Corp) did not respond to requests for comment. The company conducts two tender offers each year, providing shareholders, including employees, with the opportunity to cash out or increase their holdings. In this transaction, SpaceX has set a fair market valuation for itself, considered as a precursor to next year's IPO. As the world's most active rocket operator, SpaceX dominates the aerospace industry with its "Falcon 9" rocket, which launches satellites and personnel into orbit. SpaceX is also a leader in providing internet services from near-Earth orbit through the "Starlink" system. "Starlink" consists of thousands of satellites, serving millions of customers.