Musk’s space company SpaceX is planning an IPO to finance Mars flights and a lunar station

Elon Musk’s founded satellite and rocket company SpaceX may be listed on the stock exchange as early as next summer. The company’s financial director Bret Johnson told about his intentions in a letter he sent to shareholders, which, among other things, was reported by the news agency Reuters.

In a possible share issue, the company’s valuation has been predicted by various sources to rise to more than 1,000 billion dollars (about 854 billion euros). It is difficult to assess the realism of the estimate, as Space X has not published official audited earnings data.

The plans for the use of the funds raised through the share issue are quite high-flying. According to a source interviewed by Reuters, the goal of the listing would be to raise more than $25 billion in new capital.

With them according to Johnsen, would finance the Starship rocket program, artificial intelligence data centers to be built in space, the construction of a permanent space station Moonbase Alpha on the moon, and unmanned and manned space flights to Mars.

The conquest of Mars is Musk’s long-term dream.

In the United States, there is no body equivalent to the Finnish Trade Register, to which privately owned companies would need to report their earnings data.

Companies report their information to the taxman, but the information is not public. Information about SpaceX’s financial success is therefore mainly based on Musk’s unofficial statements.

In June Musk said in the messaging service X that the company’s turnover will rise to about 15.5 billion dollars (about 13.2 billion euros) this year.

He has also said that the company has been “cash flow positive for years”, which means that more money is coming into the company than it is spending.

Before a possible stock exchange listing, the company must publish the audited figures.

“We are preparing the company for a possible IPO in 2026. Whether, when and at what valuation will happen are still very uncertain,” Johnsen wrote, according to Reuters.

According to the letter, the first possible date would be June next year.

In the investor letter, the company and some new investors offer to buy the company’s shares at a price of 421 dollars (about 360 euros) per piece. According to Johnsen’s letter, it would mean a valuation of 800 billion dollars (about 683 billion euros) for the entire company.

SpaceX:n the income so far mainly comes from the cooperation pattern with the US space administration NASA and from the Starlink satellite business.

Starlink offers satellite calls and high-speed internet connections in areas where they are not otherwise available. The company is also preparing a service that works directly on mobile phones.

According to Reuters, Elon Musk owns about 42 percent of SpaceX.

Musk owns about 12 percent of the listed electric car manufacturer Tesla. Tesla’s market value is more than 1,500 billion dollars.

In addition, he has founded the artificial intelligence company xAI, whose valuation is rumored to rise to 230 billion dollars in a new funding round.