"SpaceX is moving forward with an insider share sale that values Elon Musk's rocket and satellite maker at about $800 billion, setting up what could be the largest initial public offering of all time. In a company message seen by Bloomberg on Friday, SpaceX said it's preparing for a possible public offering in 2026 that would be aimed at funding an "insane flight rate" for its developmental Starship rocket, artificial intelligence data centers in space and a base on the moon."
"The per-share price of $421 in its latest secondary offering, laid out by Chief Financial Officer Bret Johnsen in the memo to shareholders, is nearly double the $212 a share set in July at a $400 billion valuation. The valuation vaults past the previous record of $500 billion that ChatGPT owner OpenAI set in October, making SpaceX once again the world's most valuable closely held company."
"SpaceX is moving ahead with plans for an IPO that would seek to raise significantly more than $30 billion in a transaction that would make it the biggest listing of all time, Bloomberg reported earlier this week. The Musk-led company is targeting a valuation of about $1.5 trillion for the entire company, which would leave SpaceX near the market value that Saudi Aramco established during its record 2019 listing."
SpaceX is moving forward with an insider share sale that values the company at about $800 billion and is preparing for a possible public offering in 2026. The company plans to use proceeds to support a high flight cadence for the developmental Starship rocket, build artificial intelligence data centers in space, and establish a base on the Moon. The latest secondary offering sets a per-share price of $421, nearly double July's $212 price at a $400 billion valuation. The company is targeting larger fundraising—potentially well over $30 billion—and a total valuation that could reach about $1.5 trillion. Timing remains uncertain.
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