SpaceX Upcoming IPO: Latest timeline, private stock price and how to invest

SpaceX’s private market valuation has continued to increase, and Forge’s pricing now reflecting a Forge Price Valuation in the trillion-dollar range.⁵ There has been significant speculation around whether SpaceX will eventually go public via an IPO, and several signals in 2025 and 2026 suggest the company may be inching closer to a decision.⁶

SpaceX: Company background

SpaceX, formally named Space Exploration Technologies Corp., was founded in 2002⁷ and the company is headquartered in the Los Angeles area in Hawthorne, CA, though SpaceX is now planning to relocate its headquarters to Brownsville, TX.⁸

With Musk as founder and CEO, he recruited Tom Mueller as SpaceX's first employee. Mueller was instrumental in developing rocket engines that today power SpaceX's famous Falcon 9 rocket.⁹ In 2020, Mueller left to start his own space company, Impulse Space, though the two companies are more complementary than competitive.¹⁰

Rocketing toward new horizons

SpaceX stands out as arguably one of the most successful private aerospace companies, and its ability to reuse rockets (as opposed to them burning up upon re-entry into Earth's atmosphere) has enabled the company to bring down the costs of satellite launches and other aspects of space aeronautics.¹¹

In addition to grand ambitions like restarting human missions to the Moon and eventually colonizing Mars,¹² SpaceX earns significant revenue from government contracts, such as working with NASA to make deliveries to the International Space Station.¹³ Since 2008, SpaceX has brought in nearly $20 billion from government contracts, primarily via NASA as well as some from the Department of Defense, according to USA Today.¹⁴

Starlink, an internet service provider under the SpaceX umbrella that uses satellites launched by SpaceX rockets to deliver connectivity, is expected to bring in an estimated $11.8 billion in revenue for 2025, according to Quality Space.¹⁵

Yet SpaceX is even more bullish on the possibilities that could come from its next-generation reusable rocket, Starship, which is still in testing. SpaceX has indicated it wants to ramp up its Starship launch cadence as testing progresses.¹⁶ Part of that may depend on approvals from the Federal Aviation Administration (FAA), which Musk has criticized in the past.¹⁷

"Ultimately, I think Starship will be the thing that takes us over the top as one of the most valuable companies," said Gwynne Shotwell, President and Chief Operating Officer of SpaceX at the 31st Annual Baron Investment Conference, as reported by SpaceNews.¹⁸

When could SpaceX go public?

SpaceX has not announced a formal IPO date, but market participants continue to monitor the company for signals of a public market debut. Vijay Marolia, Chief Investment Officer of Regal Point Capital, told MarketWatch in early 2024 that a SpaceX IPO could come as soon as 2025 or 2026.¹⁹ Yet MarketWatch reported in December 2024 that tender offer discussions at the time suggested an IPO was not imminent.²⁰

More recently, The Wall Street Journal reported in February 2026 that SpaceX is preparing for a massive IPO and is seeking earlier inclusion in major stock indexes after listing.²¹ Separately, Musk confirmed that SpaceX will merge with xAI, consolidating two of his biggest private ventures ahead of a potential offering.²²

Until a definitive timeline is established, SpaceX may continue utilizing tender offers to provide liquidity for employees and early investors. Details such as timing, exchange and pricing remain unclear, and an IPO could take a different form than what the market expects.

SpaceX stock price history

Forge Data as of 04/15/2026

SpaceX's Forge Price is $604.39 at a $1.03 trillion Forge Price Valuation, as of April 15, 2026. This compares to a $118.59 Forge Price (about $211.77 billion valuation) cited in January 2025.²³

Forge Price is a derived data point that reflects the up-to-date price performance of venture-backed, late-stage companies, and is calculated based on a proprietary model incorporating pricing inputs from primary funding round information and secondary market transactions on Forge.

For broader context, the Forge Private Market Index posted a 94.7% return in 2025 (as of the index data updated on April 15, 2026).²⁴

SpaceX funding history and private market valuation

Forge Data as of 04/15/2026

SpaceX's funding history dates back to its Series A in 2002, raising $30.5 million at a $122 million valuation. The company reached unicorn status in 2010 with its Series F, raising over $50 million from investors such as Draper Fisher Jurvetson and Founders Fund at a $1.02 billion valuation.²⁵

In 2015, SpaceX raised over $1 billion for its Series G at a $12 billion valuation, and in 2017 it raised nearly half a billion more at a $21.5 billion valuation,²⁶ with investors such as Zillow Group's CEO Spencer Rascoff joining in.²⁷

SpaceX's largest primary funding round was a $1.9 billion equity raise in 2020 for its Series N, valuing the company at $46.08 billion.²⁸ In 2021, the company raised another $850 million at a $74 billion valuation, with investors such as Sequoia Capital, Coatue Management and Fidelity Investments participating.²⁹

SpaceX has since seen its valuation rise sharply through tender offers and private market activity, including Forge data indicating a December 2025 tender offer at an $800 billion valuation.³⁰

How to buy SpaceX stock before the IPO

Because SpaceX remains a private company, its shares are not traded on public stock exchanges. However, accredited investors may have the opportunity to buy SpaceX stock through a secondary marketplace like Forge, which connects existing shareholders seeking liquidity with institutional and individual buyers.

Investing in private companies requires meeting specific regulatory criteria and understanding the unique mechanics of the private market. Transactions are subject to share availability and transfer restrictions, including company Right of First Refusal (ROFR) policies. Those looking to learn more should read Forge's buyer's guide to investing in private market shares.

Forge offers real-time pricing transparency via Forge Price and live order book data, along with a simplified, self-directed trade experience for submitting bids and managing documents. An experienced team of Private Market Specialists is also available to assist throughout the trade lifecycle when needed.

What's next for SpaceX and investors

SpaceX has not announced a specific IPO timeline, but signals in early 2026 suggest the company may be moving closer to public markets. Whether SpaceX ultimately pursues an IPO, continues with tender offers or takes an alternative path, the private market remains the primary way to gain exposure to the company today.

Check back here or take a look at Forge's upcoming IPO calendar to stay in the loop about a possible SpaceX IPO and other pending public offerings. If you're ready to start exploring, create an account today to browse available opportunities and buy or sell shares (subject to eligibility and availability).