The news is sending shockwaves through the financial markets. According to an exclusive report by Reuters on April 2, 2026, SpaceX, Elon Musk's space exploration company, has entered advanced discussions with Saudi Arabia's Public Investment Fund (PIF) for a $5 billion investment as an anchor shareholder in an initial public offering (IPO) that could raise up to $75 billion – an unprecedented amount in market history.
This IPO, if it materializes, would shatter the record held by Saudi Aramco during its listing in Riyadh in December 2019 ($25.6 billion). SpaceX, valued at over $350 billion in its last private fundraising round, is considered the most valuable private company globally. Its two main activities – Starlink (satellite internet, 4 million subscribers) and its reusable Falcon 9 and Starship rockets – generate an estimated $15 billion in annual revenue.
The involvement of the Saudi PIF raises significant geopolitical questions. Crown Prince Mohammed bin Salman, the architect of the kingdom's economic diversification through his Vision 2030 plan, views the space sector as strategic. For SpaceX, which holds classified contracts with the Pentagon and NASA, a significant Saudi shareholding could require approval from the Committee on Foreign Investment in the United States (CFIUS).
Analysts at Goldman Sachs and Morgan Stanley, rumored to be co-lead managers for the offering, estimate that institutional demand could exceed the supply by three to five times. "This is the IPO of the decade, possibly the century," commented an investment banker on condition of anonymity. The targeted timeline is the fourth quarter of 2026 or the first quarter of 2027.
For retail investors, the announcement reignites the debate about access to IPOs of leading technology companies. During Rivian's IPO in 2021 ($11.9 billion), 98% of shares were allocated to institutional investors. SpaceX has indicated its intention to reserve a significant portion of the offering for the general public, a first for an operation of this magnitude.
