World's leading launch provider and satellite constellation operator. SpaceX dominates the global launch market with over 130 Falcon 9 missions in 2025, operates the 7,000+ satellite Starlink broadband constellation, and is developing Starship as the most powerful rocket ever built. The company filed confidentially for an IPO in April 2026 targeting a $2T+ valuation, with secondary market trades implying ~$1.4T as of February 2026 ($603/share on Forge as of April 2026). SpaceX's reusable rocket technology has fundamentally restructured launch economics, reducing cost-per-kg to LEO by over 90% compared to legacy expendable vehicles.
| Round | Amount | Valuation | Lead Investors | Date |
|---|---|---|---|---|
| Series N | $750M | $180B | Andreessen Horowitz, Sequoia Capital | Jun 13, 2024 |
| Tender Offer | $1.25B | $350B | Various (insider secondary) | Dec 11, 2024 |
| Primary + Secondary | $2B | $800B | Various investors | Jun 1, 2025 |
| Starshield/Government Contract | $1.8B | N/A (contract) | National Reconnaissance Office | Feb 1, 2025 |
| Secondary Sale | $2B | ~$1.4T | Various (insider secondary) | Dec 1, 2025 |
| IPO Filing (Confidential) | TBD | $2T+ (target) | IPO — public markets | Apr 1, 2026 |