Musk confirmed SpaceX IPO plans for 2026 in December, but the exact timing of the offering remained an open question. These sources also confirmed that SpaceX is seeking to raise up to $50 billion at a valuation of roughly $1.5 trillion, according to the Financial Times. Gizmodo was not able to independently verify these claims, and SpaceX did not respond to a request for comment. But sources told the Financial Times that astronomical significance isn’t the only reason SpaceX is eyeing a June IPO. Over the course of two decades as a private company, the aerospace manufacturer has achieved dominance in the spaceflight industry.