IPO countdown! SpaceX officially starts the "quiet period" for its listing, with a valuation potentially exceeding $1.5 trillion
According to reports, SpaceX has initiated a pre-IPO "quiet period," requiring employees to comply with SEC regulations and refrain from promoting the IPO plans externally. The company plans to conduct an IPO in 2026, aiming to raise over $30 billion, with a target valuation of approximately $1.5 trillion, which is expected to become the largest IPO in history. The funds raised will be used for high-frequency flight testing of the Starship rocket, space AI data centers, and the construction of a lunar base. However, the company emphasizes that the timing and valuation of the IPO still carry uncertainties
SpaceX is moving towards what could be the largest initial public offering (IPO) in history. The company has officially initiated internal communication control measures, marking a substantial step towards its listing plan for 2026, with a target valuation of approximately $1.5 trillion.
On December 17, Bloomberg reported that sources revealed SpaceX has notified employees that the company is entering a regulatory "quiet period." An internal company email shows that SpaceX requires employees to strictly adhere to the regulations of the U.S. Securities and Exchange Commission (SEC), prohibiting comments, discussions, or any other form of hype regarding the company's listing plans.
According to previous reports by Bloomberg, the company seeks to raise over $30 billion. Based on this fundraising scale, the company's valuation would reach approximately $1.5 trillion. Analysts point out that if the plan is successfully implemented, it would become the largest IPO in history, reshaping the capital landscape of the global aerospace industry and bringing unprecedented tech giants to the public market.
Initiating Regulatory Compliance Procedures
Reports indicate that, according to the content of the internal email described by sources, SpaceX has instructed employees to avoid any actions that could be perceived as artificially inflating the excitement around the company's listing plans. This includes external discussions about the company's growth prospects or potential valuations.
The so-called "quiet period" refers to the restricted communication time before an IPO, during which the company is prohibited from making public statements that could lead to irrational stock price inflation. This compliance requirement aims to ensure that all investors can access information fairly and to prevent market fluctuations caused by information asymmetry.
Funds Will Be Used for "Crazy Flight Frequency"
In a memorandum confirming the plan seen by Bloomberg last Friday, SpaceX stated that it is preparing for a possible IPO in 2026. The memorandum disclosed the specific strategic uses of the funds raised through the IPO.
The company plans to use this funding to support a "crazy flight frequency" for its developing Starship rocket. Additionally, the funds will also be directed towards forward-looking projects, including the construction of artificial intelligence (AI) data centers in space and establishing a lunar base.
Although the relevant preparations have begun and the compliance process is underway, SpaceX emphasized in the memorandum that the specific timing and corresponding valuation of the IPO remain uncertain.
The company clearly stated that this is still a "possible" plan, and it may ultimately decide not to proceed with the listing process based on market conditions or strategic adjustments
