Bloomberg Tech SpaceX Said to Pursue 2026 IPO
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Dec 10, 2025 Phil Haslett, Chief Strategy Officer at EquityZen, joins the discussion on SpaceX's ambitious plans for a 2026 IPO, aiming to raise a record $30 billion. He delves into how the funds will support projects like Starship and expand Starlink's impact. The conversation shifts to the complexities of secondary liquidity versus primary funding strategies and the enormous $1.5 trillion valuation debate. Haslett also highlights the implications for SpaceX’s growth and the potential effects on the broader aerospace industry.
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SpaceX Targets Record-Breaking IPO
- SpaceX is planning a mid-2026 IPO targeting to raise far north of $30 billion and a $1.5 trillion valuation.
- The move would be the largest IPO by money raised and reshapes expectations for space-sector financing.
Tender Offer Sets Pre-IPO Price
- A recent SpaceX tender set a private valuation near $800 billion and share price around $420, creating a precursor market price.
- That tender and secondary liquidity help establish valuations ahead of any public offering.
Use Tenders To Provide Non-Dilutive Liquidity
- Use secondary tender offers to provide employee liquidity without diluting existing ownership.
- Companies can set an external share price and reward insiders while postponing or shaping a primary IPO.