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  • SpaceX IPO Could Be the Largest Public Offering Ever - Elon Musk's Biggest Headache
    December 16, 2025, 4:28 PM EST. News that SpaceX could mount the largest public offering ever has investors buzzing. A potential valuation around $1.5 trillion would catapult SpaceX into the top ranks of global giants, with projected revenue of about $22-24 billion in 2026 and cash flow in positive territory for years. The IPO would bankroll more Starship test flights, thousands of satellites, and even AI data-center ambitions in space. Yet the looming question is whether Elon Musk really wants the scrutiny, regulatory burden, and public-market discipline that come with being a public company. SpaceX has long thrived as a private contractor and private operator in America's private space ecosystem; a public listing would change the calculus for leadership, investors, and policy.