SpaceX Aims for Record Valuation of $800 Billion in Secondary Stock Sale
SpaceX is currently negotiating a secondary stock sale that could establish a record valuation of $800 billion, further solidifying its status as the most valuable private technology firm globally. This valuation would place the company, owned by billionaire Elon Musk, significantly ahead of OpenAI, which is estimated to be valued at around $500 billion.
According to reports from the Financial Times, SpaceX's satellite internet division, Starlink, has reached out to investors to gauge their interest in participating in the stock sale. The current value of the offered shares is estimated at approximately $400 billion, with plans to offer them at double the price.
This initiative marks a continuation of the company's semi-annual secondary sales, aimed at allowing "investors and employees to realize gains from their stakes in the company."
Founded 23 years ago, SpaceX is a leading player in commercial rocket launches and space exploration, currently expanding its satellite internet services globally through its extensive Starlink network. The targeted new valuation reflects significant growth for the company, especially as its valuation has doubled between mid-last year and July of this year.
This rapid growth can be attributed to various factors, including investor confidence in Elon Musk's technological vision and his political connections, which are expected to provide the company with a competitive edge in the upcoming phase.
The Wall Street Journal was the first to report on this targeted valuation, which is likely to spark renewed investor interest in one of the most influential companies in the aerospace and advanced technology sectors.
