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SpaceX Targeting 2026 IPO That Could Rival Saudi Aramco’s Historic Listing

by Tyler Durden, Zero Hedge
December 11, 2025

`(ZeroHedge)—SpaceX is preparing a record-breaking IPO targeting a valuation of roughly $1.5 trillion, with expectations to raise $30 billion or more and debut in the second half of 2026. If the Bloomberg report is accurate, the offering would surpass Saudi Aramco’s 2019 listing and become the largest public listing in history.

The report says SpaceX management and advisers are seeking a 2H26 listing that could raise more than $40 billion in stock, making it the largest IPO of all time, well above Saudi Aramco’s $29 billion listing.

Current internal valuation (based on a secondary share price of around $420) already places SpaceX above $800 billion, according to the people familiar with the discussions.

Wild to look at SpaceX’s valuation history.

If this chart were linear, the first 10 years would basically be invisible, even when it became a unicorn in 2010.

Years of grinding… then rocket reusability + Starlink, and the whole thing went vertical.

SpaceX is the clearest… pic.twitter.com/5O74VZHXia

— Justin Mateen (@justinmateen) December 6, 2025

The accelerated timetable for going public is partly driven by Starlink’s rapid global expansion and its new direct-to-mobile service. Successful Starship test launches are also a significant factor. We published a note last week indicating that Starlink filed a trademark for “Starlink Mobile,” indicating the company may soon become AT&T and Verizon’s worst nightmare.

SpaceX’s revenue is about $15 billion this year and is forecasted to climb to $22 to 24 billion in 2026, according to one source, with most of it coming from Starlink. The company’s mini-dish offering has been a major hit with consumers, helping push Starlink’s global user base to around 8 million and skyrocketing up and to the right.

BREAKING: SpaceX has announced that @Starlink now has over 8 million customers, up from 7M in August and 6M in June 2025.

Starlink added a record 14,250 new customers on average per day since they hit 7M, beating their previous record of 12,200. That growth rate is 17% higher… pic.twitter.com/IahhZWJvxe

— Sawyer Merritt (@SawyerMerritt) November 5, 2025

The people noted:

SpaceX expects to use some of the funds raised in the IPO to develop space-based data centers, including purchasing the chips required to run them, two of the people said, an idea Musk expressed interest in during a recent event with Baron Capital.

“SpaceX has been cash-flow positive for many years and does periodic stock buybacks twice a year to provide liquidity for employees and investors,” Musk wrote on X last week.

He noted, “Valuation increments are a function of progress with Starship and Starlink and securing global direct-to-cell spectrum that greatly increases our addressable market.”

Last week, Musk shut down the claim by corporate media that SpaceX was raising money at an $800 billion valuation, calling the report “not accurate.”

While I have great fondness for @NASA, they will constitute less than 5% of our revenue next year. Commercial Starlink is by far our largest contributor to revenue.

Some people have claimed that SpaceX gets “subsidized” by NASA. This is absolutely false.

The SpaceX team won…

— Elon Musk (@elonmusk) December 6, 2025

Musk has previously stated:

The report on SpaceX’s IPO plans sent EchoStar shares up 5% in premarket trading. This is because SpaceX recently bought $17 billion in AWS-4 and H-block spectrum licenses.

Let’s remind readers that SpaceX is effectively America’s rocket program – and it leads the world by light-years.

In terms of spacecraft upmass…

View the Bryce Tech report here.

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For Emergency Preparedness, Don’t Forget the Meds

Being prepared is more than just a good idea—it’s essential. We stock up on non-perishable food, bottled water, flashlights, and first-aid supplies, but one critical aspect often gets overlooked: access to vital medications. What happens if pharmacies close, prescriptions can’t be filled, or you’re cut off from medical care during an emergency?

That’s where Jase Medical steps in, offering a reliable solution to ensure you and your family have the medications you need when it matters most.

Jase Medical specializes in emergency preparedness kits designed to provide peace of mind through physician-reviewed, prescription medications delivered right to your door. Their flagship product, the Jase Case, is a comprehensive emergency antibiotic and medication kit priced at $289.95.

This kit includes 10 essential medications—five life-saving antibiotics and five symptom relief meds—that can treat over 50 common infections and illnesses, from urinary tract infections and pneumonia to skin infections and traveler’s diarrhea. With 28 add-on options available, you can customize the kit to fit your specific needs, including a KidCase for children ages 2-11.

The process is straightforward and hassle-free. Simply visit Patriot.tv/meds, complete an online evaluation, and have your order reviewed by a board-certified physician. Once approved, the medications are shipped discreetly from a licensed pharmacy to your U.S. address (with plans for Canada shipping coming soon). Each kit comes with detailed Med Cards outlining symptoms, dosing, and usage, making it easy to administer even in high-stress situations. These medications are shelf-stable and designed for long-term storage, empowering you to handle medical emergencies without relying on external help.

For those on the move, Jase Medical also offers the Jase Go kit for $129.95, a compact travel med kit covering over 30 common conditions encountered during adventures or trips. And for ongoing needs, Jase Daily provides an extended supply of your prescribed chronic medications to safeguard against disruptions in supply chains or extreme weather events.

Don’t just take our word for it—thousands of satisfied customers have given Jase Medical a 4.9-star rating, praising its role in true preparedness. As radio host Glenn Beck warns, “The supply lines for antibiotics already are stressed to the max. Please have some antibiotics on hand… You can do it through Jase.”

Whether you’re prepping for a hurricane, a power outage, or simply the uncertainties of daily life, Jase Medical ensures you’re not caught off guard. Head to patriot.tv/meds today to customize and order your emergency kit—because when it comes to your health and safety, it’s better to be prepared than sorry.

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