SpaceX has begun the process of listing on the capital markets for an initial public offering (IPO), international media reported. Musk is seeking to list the company at a valuation of $1.5 trillion, with the goal of raising about $30 billion through the IPO.

Bloomberg reported that SpaceX employees and advisors are working on a plan to issue an IPO in 2026. However, the timing is expected to fluctuate depending on market conditions and other factors. However, the process has been moved forward to make SpaceX a public company by 2027. 

Musk had said that SpaceX would be listed on the capital markets after Starlink's revenue stabilized in 2020.  Starlink is a satellite-internet service provider unit under SpaceX. SpaceX plans to use the money raised from the IPO to build a data center in space and purchase the necessary chips. 

Musk believes that building a data center in space is suitable because it is available with solar energy and natural cooling, and does not require a large area, water, and electricity.  He says that there will be no challenges from noise pollution, heat, and environmental regulations, and that data centers will move to space in the future, and that SpaceX will make this project possible. According to him, Starlink's three satellites are being expanded as 'space-based data centers' with data processing capabilities, not just for internet services.