SpaceX has confidentially filed for an initial public offering targeting a valuation between $1.75 trillion and $2 trillion. The company aims to raise as much as $75 billion. A potential listing is scheduled for as early as mid-2026.
The valuation hinges on a strategic pivot to build solar-powered data centers in orbit. These facilities will meet surging demand for artificial intelligence. SpaceX merged with Elon Musk’s xAI in February 2026 to support the initiative.
The company plans to deploy up to one million satellites. This network will create space-based computing to overcome terrestrial energy and land constraints.