SpaceX could become the largest public offering in history next year.

 

When SpaceX eventually goes public, the long-awaited offering is expected to be the biggest IPO ever, transforming the value of the aerospace industry and creating a rare blockbuster deal for Wall Street.

The space launch company led by Elon Musk is reportedly preparing for a public market debut as early as next year, reportedly targeting a valuation of around $1.5 trillion. This would potentially shatter the IPO record set by Saudi Aramco in 2019. The immediate winners are already clear: the cohort of private investors, publicly listed space industry companies, and the investment banks vying to take SpaceX public.

General investors are also increasingly looking for indirect plays. EchoStar, for example, has benefited from its significant stake in SpaceX, which it acquired from a prior sale of spectrum licenses related to satellite and wireless assets.

The SpaceX IPO will likely serve as a valuation benchmark for the entire space and aerospace industry, attracting a fresh influx of capital into publicly listed competitor companies.

Finally, the Wall Street stock market stands to gain as well. The transaction could generate hundreds of millions of dollars in underwriting fees, making it one of the most sought-after deals in years.