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Elon Musk Endorses SpaceX IPO Analysis, Drops Out of Government Role
Elon Musk appears to be shifting his focus back to business, offering the strongest indication yet that SpaceX is preparing to go public—while simultaneously distancing himself from his brief and turbulent stint at the Department of Government Efficiency (DOGE).
Musk Backs Analysis Pointing to Imminent SpaceX IPO
On Tuesday, space journalist Eric Berger published an analysis titled “Here’s why I think SpaceX is going public soon.” Musk replied on X: “As usual, Eric is accurate.” Berger, a senior space editor at Ars Technica and one of the most trusted reporters covering the company, has long tracked SpaceX’s strategic trajectory.
The endorsement marks a major shift for SpaceX, which has historically stayed private to avoid the pressures of quarterly earnings while pursuing long-term goals like Starship development and Mars exploration.
According to a Bloomberg report cited in the source material, SpaceX is targeting a $1.5 trillion valuation and aims to raise more than $30 billion, which would surpass Saudi Aramco’s record 2019 IPO. The company is eyeing a listing in mid-to-late 2026, potentially slipping into 2027 depending on market conditions.
SpaceX currently values shares at around $420 in its secondary offering, placing its valuation above $800 billion. With Starlink driving explosive growth, revenue is projected at $15 billion in 2025 and $22–24 billion in 2026, largely from its satellite internet business. IPO proceeds are expected to fund space-based data centers and AI chip purchases.
Limited access to private shares has fueled demand for alternatives. In June, Robinhood enabled European users to buy tokenized SpaceX shares through its EU crypto app, allocating $500,000 in SpaceX tokens and $1 million in OpenAI tokens. The assets trade on Arbitrum, an Ethereum layer-2 network.
Musk Distances Himself From DOGE Era
In a podcast released Tuesday, Musk told former DOGE spokeswoman Katie Miller he would not return to the government role: “No, I don’t think so… I would’ve basically worked on my companies.” He referenced reports of vandalism at Tesla locations during his government tenure, describing DOGE as only “a little bit successful” despite claims of major federal cuts.
Musk’s comments underscore a decisive pivot back to industry as SpaceX advances toward what could become the world’s largest IPO.
