Elon Musk on Thursday confirmed that reports suggesting SpaceX is preparing for an initial public offering in 2026 are “accurate,” adding momentum to widespread speculation about one of the most anticipated listings in U.S. market history.
Musk’s confirmation came in a brief response on X to an article by Ars Technica’s Eric Berger, who outlined the strategic timing behind a potential IPO. Berger cited the rapid rise of artificial intelligence and growing interest in space-based data centers as key drivers behind SpaceX’s accelerated financial trajectory. Musk replied simply: “As usual, Eric is accurate.”
The acknowledgment follows recent reports from The Information and The Wall Street Journal that the rocket and satellite company is targeting a 2026 listing. The discussions come amid a recent secondary share sale that reportedly valued SpaceX at around $800 billion, placing it among the world’s most valuable private companies.
Bloomberg further reported this week that SpaceX is preparing to raise more than $30 billion through the IPO, an offering that would reshape global capital markets and position the company as a dominant force in commercial space and satellite communications.
However, Musk pushed back on claims regarding SpaceX’s valuation. Over the weekend, he wrote on X that the $800 billion figure is “not accurate,” while also disputing widespread assumptions about the company’s revenue mix.
“Despite my great appreciation for NASA, it will account for less than 5% of our revenue next year,” Musk wrote.
He emphasized that Starlink, SpaceX’s rapidly expanding satellite internet business, remains the company’s largest revenue generator.
“Some people claim SpaceX receives ‘financial support’ from NASA. This is completely false,” he added. SpaceX did not immediately respond to requests for comment.
As 2026 approaches, Musk may gain a major political ally inside the U.S. space program. Jared Isaacman, billionaire entrepreneur, Musk confidant, and commander of SpaceX private missions in 2021 and 2024, appears poised to become the next NASA Administrator. A Senate committee approved his nomination earlier this week, leaving only a full Senate vote for final confirmation.
SpaceX remains one of NASA’s most significant contractors. Yet the relationship has faced turbulence. Acting NASA Administrator Sean Duffy recently criticized delays in Musk’s Starship program, particularly its role in the repeatedly postponed Artemis lunar mission. Musk fired back on X, accusing Duffy of “trying to destroy NASA!”
Duffy, who also serves as U.S. Secretary of Transportation, temporarily assumed leadership of NASA this summer after President Donald Trump withdrew Isaacman’s initial nomination amid a personal dispute with Musk. At the time, Trump argued that Isaacman’s close ties to Musk created a conflict of interest.
But the political atmosphere has shifted. Isaacman’s renomination in early November and Musk’s attendance at a White House dinner later that month signaled a thaw in relations between Trump and the SpaceX founder.
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