SpaceX Seeks $800 Billion Valuation in Record-Breaking Insider Share Sale

SpaceX is preparing to sell insider shares in a transaction that would value the company at as much as $800 billion, people familiar with the matter said, reclaiming the title of the world's most valuable private company. The details, discussed by SpaceX's board of directors on Thursday at its Starbase hub in Texas, could change based on interest from insider sellers and buyers or other factors, said some of the people, who asked not to be identified as the information isn't public. SpaceX is also exploring a possible initial public offering as soon as late next year, one of the people said. According to another person briefed on the matter, the price under discussion for the sale of some employees and investors' shares is higher than $400 apiece, which would value SpaceX at between $750 billion and $800 billion. The company wouldn't raise any funds through this planned sale, though a successful offering at such levels would catapult it past the record of $500 billion valuation achieved by OpenAI in October. Elon Musk, SpaceX's CEO, on Saturday denied that the company is raising money at an $800 billion valuation without addressing Bloomberg's reporting on the planned offering. The planned sale of insider shares marks a significant milestone for SpaceX, which has been rapidly expanding its operations in recent years. The company has been at the forefront of private space exploration, with its Starship program aiming to establish a human settlement on Mars. SpaceX's valuation has been steadily increasing, with the company's market capitalization reaching new heights in recent months. Industry experts say that the planned sale of insider shares could have significant implications for the space industry as a whole. "This is a major development for the space industry, and it could pave the way for other private companies to follow suit," said Dr. Lisa Kaltenegger, director of the Max Planck Institute for Astronomy. "The fact that SpaceX is valued at $800 billion is a testament to the growing importance of space exploration and the potential for private investment in this field." The planned initial public offering (IPO) could also have significant implications for the company's future growth and development. "An IPO would provide SpaceX with access to a much larger pool of capital, which could be used to fund new projects and initiatives," said Tomi Kilgore, a financial analyst at CNBC. "However, it would also require the company to disclose more information about its financials and operations, which could be a challenge for a private company like SpaceX." As for the current status of the planned sale and IPO, it remains unclear when or if the company will move forward with these plans. However, industry experts say that the momentum behind SpaceX's growth and development is unlikely to slow down anytime soon. "SpaceX is a trailblazer in the space industry, and its success is a testament to the power of innovation and private investment," said Dr. Kaltenegger. "We can expect to see more exciting developments from the company in the years to come."