SpaceX insider share sale sets $800 billion valuation as it prepares to go public, Bloomberg News reports
Dec 12 (Reuters) – SpaceX authorized an insider stock sale worth about $800 billion to Elon Musk’s company as the rocket maker prepares for its initial public offering, Bloomberg News reported on Friday.
The company’s move toward an IPO, which could be among the largest global IPOs, has been driven largely by the rapid expansion of its Starlink satellite internet business, including plans for direct mobile service and progress on the Starship rocket program for missions to the moon and Mars.
The company is offering shares to insiders at $421 apiece and has also said it is preparing for a possible IPO in 2026, Bloomberg reported, citing a company message.
The New York Times reported that SpaceX’s finance chief Bret Johnsen said in a letter to employees that the company plans to buy $2.56 billion in stock from shareholders at $421 per share.
“It is still highly uncertain whether this will actually happen, when it will happen, and at what valuation, but the idea is that if we act successfully and the markets cooperate, the IPO could raise a significant amount of capital,” Johnsen said in his letter, according to the NYT.
SpaceX did not immediately respond to a request for comment on either report. Reuters could not immediately confirm the reports.
Reuters and others reported on Tuesday that SpaceX plans to raise more than $25 billion through an initial public offering in 2026; It’s a move that could push the rocket maker’s valuation past $1 trillion.
Musk also hinted at a possible SpaceX IPO in a post on social media platform X earlier this week.
The California-based company is ranked as the world’s second most valuable private startup after maker ChatGPT OpenAIAccording to Crunchbase data.
(Reporting by Gursimran Kaur in Bengaluru; Editing by Chris Reese, Himani Sarkar and Christian Schmollinger)
