SpaceX IPO

Learn about SpaceX and its anticipated IPO, including key business drivers, potential valuation, and how to trade its stock via CFDs when it lists.

IPO stocks are often highly volatile, and early trading can involve rapid price swings and significant risk.

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When is the SpaceX IPO date?

As of December 2025, SpaceX has not confirmed an official initial public offering (IPO) date. However, reporting suggests the company is preparing for a potential listing in 2026, supported by internal restructuring, regular secondary share sales and engagement with advisers (Bloomberg, 9 December 2025).

Recent information indicates that SpaceX is preparing for a large-scale flotation that could raise well over $25bn. Executives are reportedly exploring a valuation of over $1tn for an IPO scenario, which would place it among the largest public listings in history by deal size (Reuters, 10 December 2025).

Key IPO timing factors include:

Preparation processes: Internal equity transactions, adjustments to its cap table and recruitment linked to public-company readiness have been reported across 2025.
Private-market valuation: Secondary transactions in late 2025 were priced around $420–421 per share, implying a valuation close to $800bn.
Starlink’s scale: The company’s satellite internet business serves about 8 million customers worldwide, providing a material share of projected revenue.
Market conditions: Demand for large technology offerings and broader equity market sentiment may affect the final timing and structure of the IPO.

SpaceX has also previously considered a separate listing for Starlink once its cash flows become predictable, so a spin-off or hybrid structure remains possible.

What is SpaceX?

SpaceX, or Space Exploration Technologies Corp., is a US-based private aerospace company founded by Tesla CEO Elon Musk in 2002. It develops and operates launch systems, satellite networks and next-generation spacecraft designed for Earth-orbit transport, lunar missions and future deep-space activity.

Alongside its launch services, SpaceX runs Starlink, a global low-Earth-orbit satellite network that provides broadband access in more than 150 countries. Starlink’s rapid expansion has become a major driver of SpaceX’s commercial strategy and financial performance.

You can stay updated on the latest SpaceX and Tesla price trends with our news and analysis section.

Key milestones in SpaceX’s journey

2002Founded by Elon Musk with the goal of making space travel more affordable.
2008Successfully launched Falcon 1, becoming the first private company to send a liquid-fuelled rocket into orbit.
2012First commercial company to deliver cargo to the ISS with its Dragon spacecraft
2020Launched NASA astronauts to the ISS, marking the first crewed launch by a private firm
2024 & 2025Expanding Starlink coverage globally and preparing for Starship missions to support future lunar and Mars exploration
OngoingDevelopment of heavy-lift reusable systems, direct-to-device connectivity and space-based computing concepts

How does SpaceX make money?

SpaceX makes money across several key business lines, combining government contracts, commercial services, and consumer offerings.

Revenue stream	Description
Launch services	Fees from commercial clients, NASA and defence agencies to launch satellites, cargo and crew using Falcon rockets.
Starlink subscriptions	Monthly broadband charges from residential, enterprise, maritime and aviation users worldwide.
Government contracts	Long-term funding and mission payments through US and international space programmes.
Satellite deployment	Paid launches for operators placing satellites into orbit.
Emerging initiatives	Development of new services such as direct-to-cell communications, Starship-based transport and concepts for orbital data centres.

Recent reporting suggests SpaceX may generate around $15bn in 2025, rising toward $22bn–$24bn in 2026, with Starlink contributing most of the growth (Yahoo Finance, 10 December 2025).

What might influence the SpaceX live stock price?

If SpaceX lists publicly, several operational, financial and regulatory themes could shape market sentiment. These dynamics apply whether SpaceX lists as a whole or via a separate Starlink entity.

Starlink user growth and path to profitability

Starlink is central to SpaceX’s expected valuation. By late 2025, the service has reached an estimated 7–8 million users, with daily net additions supported by extended regional availability and new direct-to-cell features.

Other key metrics that could move the stock:

Subscriber numbers and uptake in new markets
Progress toward steady, sustainable cash flow
Regulatory approvals in major regions
Developments in aviation, maritime or enterprise partnerships

The scale of Starlink’s revenues, and its ability to manage operating costs across a growing constellation, could be a major valuation driver.

Launch cadence, cost efficiency, and reusability

SpaceX claims to have completed over 138 successful launches in 2024, mostly thanks to its reusable Falcon 9 rocket system. It has dramatically lowered the cost of space access, undercutting rivals and winning long-term contracts from NASA, the Pentagon, and commercial satellite operators.

Share price could react to:

Volume and continuity of annual launches
Margin improvements from rocket reuse
New commercial launches or government contracts
Disruptions, delays or failures affecting its cadence

A consistent and cost-efficient launch programme may support confidence in the company’s long-term operational capabilities.

Progress on Starship and deep-space ambitions

Starship is designed to support high-capacity missions to the Moon, Mars and beyond. It is also central to proposed lunar cargo, refuelling demonstrations and high-volume satellite deployment.

What could influence the stock:

Milestones in Starship orbital test flights
Successful refuelling demonstrations in space
Securing government contracts or private-sector applications (e.g., space mining, lunar tourism)
Regulatory or environmental delays from FAA or international agencies

Advances in Starship’s development could influence expectations about SpaceX’s future revenue streams, while extended delays may create uncertainty.

Regulation and geopolitical context

SpaceX operates in markets shaped by telecommunications licensing, aerospace regulations and defence considerations.

Potential stock price influences include:

Export restrictions or compliance issues under ITAR (International Traffic in Arms Regulations)
FCC rulings on satellite spectrum allocation
Legal battles over Starlink’s environmental or orbital impact
Heightened scrutiny from international rivals, such as China or Russia, in the context of space race tensions

As governments increasingly view space as strategic infrastructure, any regulatory missteps or geopolitical pushback could cause volatility.

Market environment and IPO structure

A SpaceX IPO has been described as potentially one of the largest ever. As with other large-scale listings, early price movements may reflect:

Demand during the bookbuild phase
Early analyst coverage
Broader equity market conditions
Levels of retail interest and media visibility

If a Starlink-first listing is pursued, sentiment could diverge depending on the business structure chosen.

How to trade SpaceX stocks via CFDs

If SpaceX (or a Starlink entity) becomes publicly listed, you may be able to trade its shares as CFDs on platforms that offer newly listed equities. CFD trading enables traders to speculate on price changes without owning the underlying shares.

To trade SpaceX CFDs once available:

Choose a platformCapital.com offers CFD trading on thousands of global stocks, including new IPOs and aerospace firms.
Open an account Register, verify your identity, and choose your trading preferences.
Fund your accountDeposit funds into your account. Only trade with capital you can afford to risk.
Track the IPOMonitor SpaceX IPO news, key filings, and price charts after the stock begins trading.
Trade the stockUse long or short positions to trade price movements. Add stop-losses or take-profits to manage risk.

Learn more in our CFD trading guide.

Which space and aerospace stocks can I trade?

While SpaceX remains private, there are several publicly listed companies with exposure to aerospace, rockets, and satellite technology:

Rocket Lab (RKLB) – small satellite launch provider and SpaceX competitor
Virgin Galactic (SPCE) – suborbital space tourism company
Boeing (BA) – aerospace giant involved in ISS missions and space hardware
Lockheed Martin (LMT) – key NASA and defense contractor with deep space programmes
Northrop Grumman (NOC) – builder of launch systems and spacecraft
Amazon (AMZN) – developing satellite constellation via Project Kuiper

See our full shares trading guide to explore more opportunities.

FAQ

Who owns SpaceX?

SpaceX is a privately held company. Elon Musk is the largest shareholder, with other stakes held by early employees, venture capital firms (such as Founders Fund, Sequoia Capital), and institutional investors including Fidelity and Andreessen Horowitz. The company has raised billions through multiple funding rounds.

How much is SpaceX worth?

Recent internal share sales in late 2025 valued SpaceX at around $800bn. Some IPO-scenario estimates cited in reporting suggest a potential valuation of $1tn–$1.5tn, depending on market conditions and structure.

When will SpaceX IPO?

SpaceX hasn’t confirmed a date. Reporting indicates preparations for a potential 2026 offering, though timing may be influenced by regulatory reviews and market appetite.

Can I invest in SpaceX before the IPO?

Pre-IPO shares are usually reserved for institutional investors, but some secondary platforms may offer access through private share transactions. These are high-risk, less liquid, and often restricted.

Will SpaceX be available for CFD trading?

If SpaceX goes public, brokers like Capital.com may offer its stock as a CFD. This allows traders to speculate on price moves without owning the underlying shares, with access to leverage and both long and short positions. However, leverage also amplifies risk. Availability will depend on demand and post-listing liquidity.