The "Holy Grail" of the private market is going public.

In an internal memo obtained by the WSJ, SpaceX's CFO informed employees that Elon Musk's space company is preparing to go public in 2026.

The suggested valuation doubles its value in a few months.

The reason? Mars and AI in space!

2️⃣ CFO Memo

Bret Johnsen (CFO) sent a message to employees this Friday: "If we execute brilliantly and the markets cooperate," the IPO will happen next year (2026).

The internal share price jumped to US$421, which puts SpaceX's valuation at US$800 billion (R$4.8 trillion).

For context: this is almost double the US$400 billion valuation at the beginning of this year.

3️⃣ Why now?

Elon Musk always said he would only do an IPO when flights to Mars became routine.

But that ambition became too expensive even for him.

The IPO money will fund:

4️⃣ Orbital AI: The New Frontier

This is the latest news from the memo. SpaceX wants to use public capital to "deploy AI data centers in space."

The thesis: data processing outside of Earth, free from terrestrial energy regulations and with "free" vacuum cooling, directly feeding the Starlink network.

It's the fusion of the Space + AI thesis.

5️⃣ The Money-Burning (and Generating) Machine

SpaceX projects $15.5 billion in revenue in 2025, and Musk says the cash flow is positive.

But the development of Starship costs billions (more than $2 billion/year in R&D alone), and the company spent a fortune buying spectrum from EchoStar this year.

The private market has a bottom, the public market is (almost) infinite if you sell the case well.

7️⃣ The SpaceX IPO isn't just a stock offering; it's financing the colonization of Mars via Wall Street.

If the market buys into the "AI in Space" + "Launch Monopoly" thesis, we'll see one of the biggest IPOs in history in 2026.