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SpaceX has authorized an insider share sale valuing the company at approximately US$800 billion, according to a company message obtained by Bloomberg on Friday. The company also revealed plans for a potential public offering in 2026, aiming to fund ambitious projects such as a high-frequency launch schedule for its Starship rocket, AI data centres in space, and establishing a lunar base.
The latest secondary offering set the share price at $421, as detailed by CFO Bret Johnsen in a shareholder memo. This is nearly double the $212 per share set in July, which was based on a $400 billion valuation. This valuation exceeds OpenAI’s previous record of $500 billion, making SpaceX again the most valuable privately held company worldwide.
Bloomberg reported that SpaceX is moving toward an IPO that could raise over $30 billion, potentially making it the largest-ever public offering. The company is targeting a valuation around $1.5 trillion, which would put it close to Saudi Aramco’s record market value from its 2019 listing.
The timing of the IPO and valuation remains uncertain, and SpaceX CEO Elon Musk indicated the company might choose not to proceed. A SpaceX spokesperson declined to comment.
SpaceX conducts semiannual tender offers, allowing shareholders—including employees—to sell or purchase shares. This valuation process is a step toward its planned IPO next year.
As the world’s leading rocket launcher, SpaceX dominates the industry with its Falcon 9 rocket, which carries satellites and people to orbit. The company is also a pioneer in providing internet services via Starlink, a constellation of thousands of satellites serving millions globally.