SpaceX is advancing with an insider share sale that values Elon Musk’s rocket and satellite company at approximately $800 billion, potentially setting the stage for the largest initial public offering (IPO) in history. In a company message reviewed by Bloomberg, SpaceX indicated plans for a possible public offering in 2026, which aims to support an “insane flight rate” for its Starship rocket, along with initiatives for artificial intelligence data centers in space and a lunar base.
The per-share price of $421 in its most recent secondary offering, as outlined by Chief Financial Officer Bret Johnsen to shareholders, nearly doubles the $212 per share valuation established in July, when SpaceX’s value stood at $400 billion. This recent valuation surpasses the previous record of $500 billion held by OpenAI in October, reaffirming SpaceX’s position as the world’s most valuable privately held company.
Should Musk decide to pursue the IPO, it would represent another ambitious endeavor, contingent upon executing a series of bold and complex plans in the following years. SpaceX is now aiming to raise significantly more than $30 billion, which would make it the largest IPO ever if successful.
The company has set a target valuation of around $1.5 trillion, positioning itself close to the market value achieved by Saudi Aramco during its record listing in 2019. However, the timing and valuation of the IPO remain uncertain, and Johnsen noted that the company might choose not to proceed with the offering.
SpaceX, officially known as Space Exploration Technologies Corp., conducts tender offers biannually, allowing shareholders, including employees, the opportunity to cash in or acquire additional shares. This latest move establishes a fair market valuation as a precursor to a potential IPO next year.
Renowned as the leading rocket launcher, SpaceX dominates the space sector with its Falcon 9 rocket, which is instrumental in delivering satellites and crew to orbit. Additionally, the company is a leader in providing low-Earth orbit internet services through Starlink, which comprises thousands of satellites serving millions of customers.
