Report Elon Musk – Elon Musk’s SpaceX is moving forward with plans for an initial public offering that would aim to raise more than $30 billion and have a valuation of about $1. 5 trillion, Bloomberg News reported Tuesday.

SpaceX management and advisers are pursuing a listing for the entire company in mid- to late 2026, the report said, citing people familiar with the matter. The timing of the IPO could change depending on market conditions and other factors, and one person said it could slip to 2027. Musk said in 2020 that SpaceX planned to list Starlink several years into the future, when its revenue growth becomes “smooth and predictable”.

SpaceX did not immediately respond to a Reuters request for comment. According to the report, SpaceX wants to use the funds raised from the public listing to develop space-based data centers, including purchasing the chips needed to run them, with Musk expressing interest in the idea during a recent event with Barron Capital.

The company is expected to generate revenue of about $15 billion in 2025, rising to between $22 billion and $24 billion in 2026, the majority of which will come from Starlink, Bloomberg reports. Media reports last week said the rocket maker was launching a secondary share sale that would value it at $800 billion, pitting it against OpenAI for the title of most valuable private company. However, Musk on Saturday dismissed these reports as false.