SpaceX isreportedly liningupfour major Wall Street banksfor a2026 IPOthat could provide theresetthe market needs.
The company just completed a tender offer at an$800 billionvaluation, and secondary market demand is through the roof. If SpaceX goes public anywhere near itsrumored$1.5 trillionvaluation, itcould triggeran IPO cascade forotherlate-stage unicorns like OpenAI, Stripe, and Databricks.
Today on TechCrunch’sEquitypodcast, Rebecca Bellan spoke withGreg Martin, Managing Director at Rainmaker Securities, to discuss why this IPO feels different, howtechemployees are cashing out through secondary markets before companies go public, and what investorsareactually lookingfor in pre-IPO shares.
Listen to the full episode to hear:
- Which other late-stage unicorns are seeing the most secondary trading action rightnow.
- Why SpaceX is ready to go public, despite previously saying it “wouldn’t IPO until rockets wereflying to Mars regularly”(and why Martindoesn’tthink SpaceX willcontinue onits debut pathif the market tanks)
- The “Elon halo effect” and how much of SpaceX’s valuation is based on Musk himself
- What happens when SpaceX employees want to sell shares before the IPO
Subscribe to Equity onYouTube,Apple Podcasts,Overcast,Spotifyand all the casts. Youalso canfollow Equity onXandThreads, at @EquityPod.
Rebecca Bellan is a senior reporter at TechCrunch where she covers the business, policy, and emerging trends shaping artificial intelligence. Her work has also appeared in Forbes, Bloomberg, The Atlantic, The Daily Beast, and other publications.
You can contact or verify outreach from Rebecca by emailing [email protected] or via encrypted message at rebeccabellan.491 on Signal.
Theresa Loconsolo is an audio producer at TechCrunch focusing on Equity, the network’s flagship podcast. Before joining TechCrunch in 2022, she was one of 2 producers at a four-station conglomerate where she wrote, recorded, voiced and edited content, and engineered live performances and interviews from guests like lovelytheband. Theresa is based in New Jersey and holds a bachelors degree in Communication from Monmouth University.
You can contact or verify outreach from Theresa by emailing [email protected].