SpaceX Aims for a Record Valuation of $800 Billion in Secondary Share Sale
In a move aimed at reinforcing its position as the most valuable private technology company in the world, SpaceX is negotiating to achieve a record financial valuation estimated at $800 billion, as part of its latest round of secondary share sales. This valuation would place the company, owned by billionaire Elon Musk, ahead of OpenAI, which is valued at around $500 billion.
According to sources cited by the Financial Times, Starlink, the division responsible for SpaceX's satellite internet services, has reached out to investors in recent days to gauge their interest in participating in the share sale. The current value of the offered shares is estimated at around $400 billion, to be offered to investors at a doubled price.
This round comes as a continuation of the company's policy of conducting semi-annual secondary sales, aimed at "providing opportunities for investors and employees to realize gains from their ownership in the company."
It is noteworthy that SpaceX, founded 23 years ago, is a leading player in the commercial rocket and space exploration sector, currently leading a global expansion in satellite internet services through its vast "Starlink" network. The new target price reflects a significant acceleration in the company's growth rate, especially after its valuation doubled between mid-last year and July of this year.
This rapid growth is attributed to several factors, most notably investors' bets on Elon Musk's technological superiority, along with his political connections with President Donald Trump, which are likely to provide the company with an additional edge over its competitors in the coming phase.
The Wall Street Journal was the first to reveal this target valuation, which is expected to spark a new wave of investment interest in one of the most influential companies in the space and advanced technology sectors.
