Elon Musk confirms SpaceX is about to go public and announces he will no longer participate in the DOGE Government Efficiency Department

Elon Musk recently sent two major signals within hours: first, confirming that SpaceX is accelerating towards going public; second, clearly stating that he will no longer participate in the government efficiency department (DOGE) project. This has been interpreted by the public as him fully returning to the business sector after experiencing a turbulent political cycle.

Musk made these statements in response to an article by space journalist Eric Berger about “SpaceX’s upcoming IPO.” He replied, “Eric is right,” which publicly acknowledges the IPO plan for the first time. Berger, one of the most knowledgeable reporters on SpaceX, is often regarded as an industry trendsetter.

According to Bloomberg, SpaceX’s IPO target valuation is as high as $1.5 trillion, with fundraising exceeding $30 billion, potentially becoming the largest initial public offering in history. The company expects to go public as early as mid to late 2026, although market conditions could delay this to 2027. Currently, in the secondary market, SpaceX’s stock is trading at about $420 per share, corresponding to a valuation of over $800 billion.

The core driver behind SpaceX’s push for an IPO is the rapid growth of Starlink. The company projects revenues reaching $15 billion in 2025, increasing further to $22-24 billion in 2026, mostly from satellite internet services. SpaceX plans to use the raised funds to develop space data centers and purchase AI chips needed for operations.

The scarcity of SpaceX has also led to tokenized investment channels. In June, Robinhood issued SpaceX tokenized stocks to users within its EU crypto app, sparking market discussion. These tokens are based on the Arbitrum network and include reward activities worth over a million dollars.

Meanwhile, Musk stated in another podcast that he will not re-engage with the DOGE (government efficiency department) project and will no longer promote Dogecoin. He bluntly said that instead of investing energy in Dogecoin, it’s better to focus on managing his own companies, “at least then the cars won’t be burned.” This comment alludes to past incidents during his involvement in government reform, where Tesla facilities were vandalized.

Musk claims that his brief tenure in government was “somewhat effective,” even though the Dogecoin website announced a reduction in expenses of $214 billion, which independent analysts believe significantly exceeds that amount. In June, he completely severed ties with former allies over opposition to the Trump administration’s tax and spending bills.

With SpaceX preparing for its IPO and the DOGE project stepping off the stage, industry experts generally believe that Musk’s future focus will shift back to space, electric vehicles, and AI, rather than political affairs.