SpaceX official confirms it is considering an IPO
In a message to employees on December 12, 2025, SpaceX’s chief financial officer, Bret Johnson, confirmed the company is considering issuing an initial public offering of stock sometime in 2026, but that nothing has been decided in any way.
His announcement also indicated the reason to do so would be to raise enough funds to “ramp Starship to an insane flight rate, deploy AI data centers in space, build Moonbase Alpha and send uncrewed and crewed missions to Mars.”
I think the question is whether the company is raising enough revenue from Starlink to do what it wants, or whether it now sees a need for more investment capital that it cannot get from either that revenue or private stock sales. If it finds in the coming months the former is sufficient, the stock sale will be put off, probably for several years. If it finds the latter, than we shall see this IPO sometime in 2026.
On Christmas Eve 1968 three Americans became the first humans to visit another world. What they did to celebrate was unexpected and profound, and will be remembered throughout all human history. Genesis: the Story of Apollo 8, Robert Zimmerman's classic history of humanity's first journey to another world, tells that story, and it is now available as both an ebook and an audiobook, both with a foreword by Valerie Anders and a new introduction by Robert Zimmerman.
The print edition can be purchased at Amazon or from any other book seller. If you want an autographed copy the price is $60 for the hardback and $45 for the paperback, plus $8 shipping for each. Go here for purchasing details. The ebook is available everywhere for $5.99 (before discount) at amazon, or direct from my ebook publisher, ebookit. If you buy it from ebookit you don't support the big tech companies and the author gets a bigger cut much sooner.
The audiobook is also available at all these vendors, and is also free with a 30-day trial membership to Audible.
"Not simply about one mission, [Genesis] is also the history of America's quest for the moon... Zimmerman has done a masterful job of tying disparate events together into a solid account of one of America's greatest human triumphs."--San Antonio Express-News
In a message to employees on December 12, 2025, SpaceX’s chief financial officer, Bret Johnson, confirmed the company is considering issuing an initial public offering of stock sometime in 2026, but that nothing has been decided in any way.
His announcement also indicated the reason to do so would be to raise enough funds to “ramp Starship to an insane flight rate, deploy AI data centers in space, build Moonbase Alpha and send uncrewed and crewed missions to Mars.”
I think the question is whether the company is raising enough revenue from Starlink to do what it wants, or whether it now sees a need for more investment capital that it cannot get from either that revenue or private stock sales. If it finds in the coming months the former is sufficient, the stock sale will be put off, probably for several years. If it finds the latter, than we shall see this IPO sometime in 2026.
On Christmas Eve 1968 three Americans became the first humans to visit another world. What they did to celebrate was unexpected and profound, and will be remembered throughout all human history. Genesis: the Story of Apollo 8, Robert Zimmerman's classic history of humanity's first journey to another world, tells that story, and it is now available as both an ebook and an audiobook, both with a foreword by Valerie Anders and a new introduction by Robert Zimmerman.
The print edition can be purchased at Amazon or from any other book seller. If you want an autographed copy the price is $60 for the hardback and $45 for the paperback, plus $8 shipping for each. Go here for purchasing details. The ebook is available everywhere for $5.99 (before discount) at amazon, or direct from my ebook publisher, ebookit. If you buy it from ebookit you don't support the big tech companies and the author gets a bigger cut much sooner.
The audiobook is also available at all these vendors, and is also free with a 30-day trial membership to Audible.
"Not simply about one mission, [Genesis] is also the history of America's quest for the moon... Zimmerman has done a masterful job of tying disparate events together into a solid account of one of America's greatest human triumphs."--San Antonio Express-News


As one that thinks that Starship was an unfortunate gamble*, I must wonder if the reach has exceeded the grasp. IPO funding might not have been necessary.
*I have mentioned in various places that a smaller precursor vehicle could have ironed out many of the operational issues of methane much faster and cheaper. Among other things, a 9+1 Raptor vehicle with Falcon type handling could have been in revenue service years ago. Double the falcon payload and work out the issues with stainless construction of methane vehicles while getting paid for it.
Silly idea. Scale is what makes Starship a viable concept.