Thursday, February 12, 2026

The $1.5 Trillion IPO Everyone's Been Waiting For

Finally: You Can Own A Piece Of SpaceX
͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ 


After 24 years as a private company, SpaceX is finally going public.


Target date: Mid-June 2026


Expected valuation: $1.5 trillion


Amount raising: Up to $50 billion


If it happens at this valuation, it will be the largest IPO in history — surpassing Saudi Aramco's $29 billion offering in 2019.


For the first time ever, retail investors will be able to own shares in the company that dominates commercial space flight, operates the world's largest satellite constellation, and is building the rocket that will take humans to Mars.


Here's what you need to know.


The Business Is Printing Money


SpaceX generated an estimated $8 billion in profit on $15-16 billion in revenue in 2025. That's a 50%+ profit margin — better than most tech companies.


Revenue is growing at over 50% annually and projected to hit $22-24 billion in 2026.

The secret? Starlink.


Starlink now has 9.2 million subscribers paying for satellite internet service. That number has doubled every year like clockwork since launch:


  • 2023: 2.3M subscribers

  • 2024: 4.6M subscribers

  • 2025: 9.2M subscribers

  • 2026 projection: 18.4M subscribers

Starlink alone generates over $10 billion in annual revenue. It's the most successful satellite internet service in history — and there's no real competition. Amazon's Project Kuiper is years behind. No other company has SpaceX's launch cadence or cost structure.


The xAI Merger: Space Meets AI


Two weeks ago, SpaceX acquired xAI — Elon's artificial intelligence company — in an all-stock deal that values the combined entity at $1.25 trillion.


This isn't just a financial merger. It's a strategic bet on the future of AI infrastructure.

Here's Elon's vision: Data centers in space.


SpaceX has already filed with the FCC to launch up to 1 million satellites as part of an "orbital data center" network. The pitch: unlimited solar power, zero real estate costs, and no energy constraints.


xAI builds Grok, the AI assistant integrated into X (formerly Twitter). The Pentagon is already using Grok to analyze military intelligence databases alongside other AI systems.


Combined with SpaceX's launch capabilities and Starlink's global satellite network, this creates a vertically integrated AI infrastructure company unlike anything else in the market.


Yes, there are regulatory questions around xAI's products — Elon's companies always face scrutiny. And yes, some xAI co-founders have left recently, with Elon reorganizing the team to accelerate development. But that's typical for fast-moving startups scaling aggressively.


Why Elon's Going Public Now


Elon has always preferred keeping SpaceX private. So why the change?


Capital requirements.


To build the infrastructure for orbital data centers, expand Starlink to 18+ million subscribers, and accelerate Starship development, SpaceX needs massive amounts of capital.


An IPO at this scale could raise $50 billion in one shot — far more than any private funding round could deliver.


Plus, Starship is hitting critical milestones. NASA has awarded SpaceX contracts to land humans on the Moon. The rocket is launching successfully. Development is accelerating.


The timing is perfect.


What Smart Money Is Doing


Baron Capital's Ron Baron — one of SpaceX's largest private investors — says he won't sell a single share. He believes his investment will grow 10x over the next decade.


Cathie Wood's ARK Invest has been buying up every space-related stock they can find in anticipation of the SpaceX IPO creating a rising tide for the entire sector.


Other space stocks have already surged on the news — Rocket Lab, AST SpaceMobile, and Planet Labs are all up as investors position for the space economy opening up to retail.


The Bottom Line


This is your chance to own a piece of:

  • The #1 commercial launch provider (160+ launches in 2025 alone)

  • The world's largest satellite constellation (9,000+ Starlink satellites)

  • The only company building reusable rockets at scale

  • A profitable business growing revenue 50%+ annually

  • The infrastructure for AI in space

The risks? Sure. The valuation is aggressive at 60-68x sales. The xAI integration is complex. Execution risk on orbital data centers is real.


But Elon has built two trillion-dollar companies before (Tesla and now SpaceX). He's proven he can execute the impossible.


Four Wall Street banks are lined up. Private investors got in at $800 billion last December. The public offering is targeted for mid-June at $1.5 trillion.


When the prospectus drops, read it carefully. This will be the most scrutinized IPO in history.

Good luck out there.



P.S. If you're interested in space stocks ahead of the SpaceX IPO, keep an eye on Rocket Lab (RKLB), AST SpaceMobile (ASTS), and Planet Labs (PL) — all have moved higher on SpaceX IPO excitement.

Guardian Financial Publishing, 3571 Far West Blvd · Texas · Austin · 78731 · United States

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