Elon Musk’s rocket company, SpaceX, is getting ready for a big insider share sale that could fetch an incredible $400 billion, according to a recent Bloomberg report. SpaceX’s previous record-breaking valuation of $350 billion, set after a share buyback in December 2024, is anticipated to be surpassed by this move. An important milestone in the company’s path to further growth is the next fundraising round.
A few new shares will be offered for sale to investors as part of SpaceX’s primary fundraising round, according to people with knowledge of the situation. By establishing the price for a secondary round where shares from early investors and employees will be sold, this round will act as a benchmark. Notably, the secondary round is anticipated to be crucial in establishing the company’s ultimate valuation.
If the $400 billion valuation is confirmed, SpaceX will surpass other tech giants as the most valuable privately-owned company in the United States. Interestingly, it would surpass the valuation of both OpenAI and ByteDance, the parent company of TikTok, further establishing SpaceX as a leader in the technology and space industries.
According to Bloomberg, SpaceX has not yet made an official statement regarding the sale, despite the excitement surrounding it. The timing and specific terms of the deal are still up in the air, especially in light of the degree of interest from insiders trying to sell shares and prospective investors keen to make an investment.
With its ambitious plans for lunar missions and the Starship rocket, among other space-related innovations, SpaceX is becoming more and more well-known, and its rising valuation reflects this and the optimism surrounding its future. The outcome of this insider share sale may shed more light on the company’s financial situation and future course.