SpaceX readies 'Project Apex' mega IPO with 21 banks

Billionaire Elon Musk’s SpaceX has had discussions with Saudi Arabia’s Public Investment Fund about PIF potentially taking an anchor stake of around $5 billion ​in the space company’s IPO, according to two people familiar ​with the matter.

CNBC’s Deirdre Bosa reports the latest news surrounding SpaceX’s upcoming IPO.

A report details SpaceX’s potential move toward an IPO in 2026, with a rumored valuation as high as $1.75 trillion, driven by Starlink and launch service revenue, and future expansion via Starship.