SpaceX is planning to offer insider shares in a deal that may value the rocket and satellite manufacturer at over $500 billion, according to sources familiar with the situation. The recent tender offer could peg SpaceX’s valuation as high as $800 billion, said these individuals, who spoke on the condition of anonymity as the information is not public.
Discussions among SpaceX’s board of directors on Thursday at its Texas Starbase indicated that the company might pursue an initial public offering (IPO) as early as late next year. One source revealed that the share price under consideration exceeds $400 each, which would place SpaceX’s valuation between $750 billion and $800 billion, although these figures could change based on seller and buyer interest.
If confirmed, this valuation would make SpaceX the world’s most valuable privately held company, surpassing the $500 billion record set by OpenAI, the creator of ChatGPT, in October. A representative from SpaceX did not immediately respond to requests for comment.
This estimate marks a significant increase from the $212 per share valuation established in July, when the company raised funds and sold shares at a $400 billion valuation. Reports from The Wall Street Journal and Financial Times have also indicated that a deal could value SpaceX at $800 billion.
The announcement of SpaceX’s potential valuation led to a notable rise in the stock of EchoStar Corp., a satellite television and wireless service provider, which saw an increase of up to 18%. Last month, EchoStar had reached an agreement to sell spectrum licenses to SpaceX for $2.6 billion, in addition to a previous agreement for approximately $17 billion in wireless spectrum.
SpaceX, recognized as the leading rocket launcher globally, dominates the aerospace sector with its Falcon 9 rocket, which is responsible for launching both satellites and astronauts into orbit. The company is also a leader in offering internet services from low-Earth orbit through its Starlink network, which comprises over 9,000 satellites and remains ahead of competitors such as Amazon’s Project Kuiper.
Although SpaceX executives have suggested a potential spin-off of the Starlink business into a publicly traded entity—a notion initially proposed by President Gwynne Shotwell in 2020—Elon Musk has expressed skepticism about this direction. In 2024, Chief Financial Officer Bret Johnsen indicated that an IPO for Starlink would more likely occur in “the years to come.”
According to The Information, which cited individuals familiar with discussions, SpaceX has informed investors and financial representatives that it seeks to launch an IPO for the entire company in the latter half of next year.
The tender or secondary offering, which allows employees and some early shareholders to sell shares, is a method for investors in privately held companies like SpaceX to gain liquidity. SpaceX is also focused on developing its new Starship vehicle, which is presented as the most powerful rocket ever designed to transport substantial numbers of Starlink satellites and facilitate cargo and human travel to the Moon and eventually Mars.
Published on December 6, 2025.
