SpaceX Seeks $800 Billion Valuation in Latest Share Sale
SpaceX is in discussions to achieve a record valuation of $800 billion as part of its latest secondary share sale, which would solidify its position as the most valuable private technology company globally. This valuation would surpass that of OpenAI, currently valued at approximately $500 billion.
According to sources reported by the Financial Times, SpaceX's Starlink division, which provides satellite internet services, has recently approached investors to assess their interest in this share offering. The shares are expected to be valued at around $400 billion, with prices anticipated to double for investors.
This share sale continues SpaceX's practice of conducting 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 key player in the commercial rocket and space exploration industry, leading a global expansion in satellite internet through its extensive Starlink network. The new target valuation reflects a rapid acceleration in the company's growth, particularly as its valuation doubled between mid-2022 and July 2023.
This swift growth is attributed to several factors, including investor confidence in Elon Musk's technological vision and his political ties, which may provide the company with a competitive advantage in upcoming ventures.
The Wall Street Journal first reported on this ambitious valuation target, which is likely to generate renewed investment interest in one of the most influential companies in the space and advanced technology sectors.
