Quiet period begins, IPO near? SpaceX aims towards a $1.5 trillion "epic" listing in 2026.

Insiders have revealed that SpaceX has informed employees that the company is entering a regulatory quiet period, signaling another step forward in the rocket and satellite manufacturer's plans for its first public offering planned for 2026. According to insiders, SpaceX has instructed employees in an internal email not to comment, discuss, or promote the company's IPO plans (including topics such as its growth or valuation) in compliance with regulations from the U.S. Securities and Exchange Commission. An anonymous source indicated that this restriction covers channels such as social media, interviews, meetings, and public appearances. The so-called "quiet period" refers to the communication restriction period before going public in which companies are prohibited from making public statements that could artificially inflate stock prices, aiming to ensure equal access to information for investors. Representatives of SpaceX did not immediately respond to requests for comments. As previously reported, SpaceX is advancing its IPO plans with aims to raise over $30 billion through fundraising, potentially reaching a valuation of around $1.5 trillion, setting up to be the largest IPO in history. In a memo obtained last Friday, SpaceX confirmed that it is preparing for a potential public offering in 2026 to fund the development of its Starship rocket for "amazing launch frequency", as well as funding for space AI data centers and lunar base construction. The company also stated that the specific timing and valuation of the IPO are not yet determined, and there is a possibility of ultimately abandoning the plan. Following SpaceX's completion of an internal tender offer, the implied valuation of the private company has reached around $800 billion. Reports indicate that the internal stock sale by SpaceX was priced at $421 per share, a significant increase from previous secondary market trading prices, with this valuation adjustment potentially boosting the long-term investment value of Alphabet Inc. Class C's stake in Elon Musk's rocket and satellite company. As a long-term investor in the company, Alphabet Inc. Class C (GOOGL.US) is expected to recognize substantial gains from this. Alphabet Inc. Class C has been an investor in SpaceX since at least 2015, when the company, along with Fidelity Investments, participated in a $1 billion financing round and collectively held about 10% of SpaceX's shares. With the new round of valuation increase for SpaceX, Elon Musk's personal wealth has also reached a new high, surpassing $600 billion for the first time.