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SpaceX Files To Go Public
How high can it go? // Illustration by Kate Walker
SpaceX has confidentially filed to go public, likely setting up what could become the biggest IPO in history.
The Big Bet: 2026 is shaping up to be a blockbuster year for public offerings, with SpaceX, OpenAI, and Anthropic all slated to IPO. SpaceX has analysts, investors, and watchdogs salivating for a number of reasons, ranging from the company's secretive, sprawling structure to the stock’s potential accessibility for retail traders.
Between The Lines: Nearly every major bank around the world has its employees working overtime in preparation for the upcoming SpaceX IPO.
The company is targeting a $1.75 trillion valuation, with plans to raise about $75 billion — blowing past Saudi Aramco’s $29.4 billion IPO in 2019.
Details on how many shares will be available and the expected price range will be disclosed in a future filing, ahead of a projected June debut.
The company will likely implement a dual-class share structure, giving VIP investors (i.e., Elon Musk) greater voting power.
About 30% of shares may be set aside for retail investors, so expect Robinhood engagement to hit an all-time high.
Closing Thoughts: While SpaceX’s rockets get most of the press, its Starlink satellite arm is the company’s real revenue driver, with the business expected to bring in $20 billion this year. SpaceX had hoped it wouldn’t need to go public until it was regularly sending rockets to Mars, but its ambition to build data centers in low-Earth orbit (a key reason for its merger with xAI) means the company needs access to significantly more capital — funding that can realistically only come from an IPO.
The Future: SpaceX announcing an IPO within 36 hours of one of its Starlink satellites mysteriously exploding may be ironically poor timing, but it underscores that Starlink’s reliability — access, regulation, and competition — may likely be the main factors investors will be looking at come June.
Together with Pique
Vesper Starts Your Spring Right
It’s easy to feel overwhelmed while scrolling through your newsfeed.
Which is why Pique was founded — to help you slow down, take a breath, and intentionally unwind.
The company crafts teas, botanicals, and minerals rooted in Eastern medicine, connecting you with the natural world. Each product is made with high-quality ingredients for people who want to perform at their highest level.
As we transition from winter to spring, Pique recommends sipping Vesper, the world’s first wellness aperitif.
It’s made with natural ingredients like L-theanine and gentian root to support the nervous system and promote social ease — without numbing or overstimulating.
It supports better sleep, clearer mornings, and calmer, more grounded evenings — especially helpful during daylight savings transitions.
The flavor is sparkling, tart, herbaceous, and deeply sophisticated — something you’ll actually want to savor.
Vesper is the next evolution in Pique’s mission to create rituals that support how you want to feel — without compromise. Now you can sit back, relax, and keep scrolling.
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Today’s email was written by David Vendrell.
Edited by Nick Comney. Polled and Copy-edited by Kait Cunniff.
Published by Darline Salazar.