SA国际传媒

is forging ahead with plans for an initial public offering to raise 鈥渟ignificantly鈥� more than $30 billion, sources told . The -led company is reportedly targeting a valuation of $1.5 trillion. If that indeed happens, the transaction would be by far the biggest stock-market listing of all time, SA国际传媒 data shows.

A SpaceX IPO could take place as early as mid- to late-2026, or possibly in 2027, Bloomberg reported.

Until October, Hawthorne, California-based SpaceX was the world鈥檚 most valuable private, venture-backed company. It was valued at $400 billion after .

took over the top spot when it conducted its own secondary share sale at a valuation of $500 billion.

Founded in 2002, SpaceX has raised nearly $12 billion in its lifetime, according to . Investors include , , , and , among others.

Record IPOs

A stock-market listing at its reported target valuation would dwarf the initial valuations of any other venture-backed startups on record. The largest to date remains 鈥檚 IPO in 2012 that valued the social media company (now named Meta) at $104 billion.

More mega IPOs could be on tap

Notably, SpaceX鈥檚 potential IPO, while the largest, is not the only massive listing that may be in the works.

The largest two generative AI startups, OpenAI and , are also reportedly mulling public listings that would value them in the hundreds of millions of dollars, or more. OpenAI is reportedly eyeing an initial public valuation of up to $1 trillion if it goes public as soon as next year, while Anthropic is currently said to be pursuing fresh funding at a private valuation of more than $300 billion. So it would presumably seek an even higher market cap in a public offering, although it鈥檚 yet unclear how high.

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Related reading:

• The SA国际传媒 Unicorn Board
• Yes, I鈥檓 Biased. But Still, Leading Unicorns Like Anthropic Should Be Prepping For IPOs

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