SpaceX's 2026 IPO could create a new billionaire class, driven by strong Starlink growth and AI investments.

SpaceX's upcoming May 2026 IPO filing reveals $18.7 billion revenue in 2025, led by Starlink's $11.4 billion revenue and rapid subscriber growth to 10.3 million. The company also invests heavily in AI, with $7.7 billion capital expenditure in Q1 2026. Early private investors stand to gain significant returns, similar to long-term NVIDIA and AMD holders, while public investors should expect to buy a mature, capital-intensive business at a premium valuation. The IPO is expected to generate substantial wealth but timing of investment is crucial.