SpaceX Aims for Record Valuation of $800 Billion in Secondary Stock Sale
In a strategic effort to solidify its position as the most valuable private technology company globally, SpaceX is in discussions to reach a record valuation of $800 billion during its latest secondary stock sale. This valuation would place the company, owned by billionaire Elon Musk, ahead of OpenAI, which has an estimated market value of around $500 billion.
According to sources cited by the Financial Times, Starlink, SpaceX's satellite internet division, has recently approached investors to gauge their interest in participating in the stock sale. The current value of the shares being offered is approximately $400 billion, with prices expected to double for investors.
This round is part of the company's semi-annual secondary sale policy, aimed at providing investors and employees the opportunity to realize gains on their stakes in the company.
Founded 23 years ago, SpaceX is a leading player in commercial rocket launches and space exploration, currently expanding its global satellite internet services through the extensive Starlink network. The new target valuation reflects a significant acceleration in the company's growth, particularly after its valuation doubled from mid-last year to July of this year.
This rapid growth is attributed to several factors, including investor confidence in Elon Musk's technological advantages and his political connections with former President Donald Trump, which could provide the company with a competitive edge in the coming months.
The Wall Street Journal was the first to report on this target valuation, which is expected to generate renewed investment interest in one of the most influential companies in the space and advanced technology sectors.
