SpaceX to Offer Insider Shares at Record-Setting Valuation

SpaceX is preparing to sell insider shares in a transaction that would value Elon Musk’s rocket and satellite maker at a level higher than OpenAI’s record-setting $500 billion, people familiar with the matter said, Ed Ludlow, Loren Grush, Lizette Chapman, and Eric Johnson reported for Bloomberg News.

If confirmed, it would make SpaceX once again the world’s most valuable closely held company. (Photo: Steve Jurvetson Flickr) 

The company’s latest tender offer could value SpaceX at as much as $800 billion, said the people, who asked not to be identified because the information isn’t public.

SpaceX could pursue an initial public offering as soon as late next year, one person said. The details, discussed by SpaceX’s board of directors at its Starbase hub in Texas, could change based on interest from insider sellers and buyers or other factors, the sources said.

Another person briefed on the matter said that the share price under discussion is higher than $400 apiece, which would value SpaceX between $750 billion and $800 billion, though the details could change.

If confirmed, it would make SpaceX once again the world’s most valuable closely held company, surpassing the previous record of $500 billion set by ChatGPT owner OpenAI in October.