Elon Musk Confirms that SpaceX Is Headed for an IPO that Could Make Him an ‘Instant Trillionaire’

CNBC reports that tech tycoon Elon Musk has verified reports that his space exploration company is gearing up for an initial public offering (IPO) in 2026. Musk’s confirmation came in response to an article by Eric Berger from Ars Technica, which delved into the reasons behind the timing of the IPO and the role played by the rise of artificial intelligence and space-based data center opportunities.

Several reputable news outlets, including the Information and Wall Street Journal, had previously reported on the likelihood of SpaceX going public, with a new share sale valuing the company at an impressive $800 billion. Bloomberg estimates the valuation to be considerably higher, up to $1.5 trillion, which it says would make Musk an “instant trillionaire.”

Musk addressed the reports of the $800 billion valuation on his social media platform X, stating that they were “not accurate.” He also clarified that while he has great admiration for NASA, the space agency will account for less than 5 percent of SpaceX’s revenue in the coming year, with the commercial Starlink satellite internet service being the largest contributor.

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