Key Points
- SpaceX is planning an insider share sale that could value it at $800 billion.
- This would make it the world’s most valuable private company, surpassing OpenAI’s $500 billion mark.
- The valuation has doubled from $400 billion in July, reflecting the success of its Falcon rockets and Starlink service.
- The move is fueling strong speculation that SpaceX may finally pursue an IPO in late 2025.
Elon Musk’s SpaceX is gearing up for an insider share sale that could value the rocket company at a stunning $800 billion, according to people familiar with the plan. If the deal goes through, it would make SpaceX the most valuable private company in the world, rocketing past the $500 billion valuation recently set by ChatGPT creator OpenAI.
The new valuation stems from a proposed tender offer that allows employees and early investors to sell their shares. The price being discussed is over $400 per share. This marks a massive leap from just a few months ago in July, when a similar sale valued the company at $400 billion.
While the final terms are not yet set and could change, the proposed figure solidifies SpaceX’s elite status in the private market.
The sky-high valuation reflects SpaceX’s dominance in the space industry. The company’s reusable Falcon 9 rockets are the workhorses of the launch market, and its Starlink satellite internet service has a commanding lead with over 9,000 satellites in orbit, far ahead of rivals like Amazon.
This news is also fueling intense speculation that SpaceX could finally go public. Some insiders suggest an initial public offering (IPO) could take place as early as late next year. An IPO at that level would be historic.
A sale of just 5% of the company would raise $40 billion, shattering the record set by Saudi Aramco. However, going public would also expose SpaceX to market volatility and be a major shift for a company that has long prized its private status.
