Musk Pushes for Record $1.5T SpaceX IPO in 2026, Faces Skepticism

• Elon Musk plans for SpaceX to go public in 2026, aiming for a $1.5 trillion valuation, potentially making it the largest IPO in history.
• SpaceX has begun discussions with banks for the IPO, which will include the entire company, not just Starlink.
• Starlink is the primary revenue driver, with projected revenues of $22-24 billion by 2026, fueling the high valuation target.
• Analysts express skepticism about the $1-1.5 trillion valuation, citing capital intensity, regulatory hurdles, and increasing competition from rivals like Amazon's Project Kuiper.
• Achieving the target IPO valuation requires investors to heavily bet on SpaceX's future scale and long-term vision, as current private market valuation is around $800 billion.

Why It Matters: SpaceX's potential record IPO challenges investor valuation expectations.