SpaceX Launching Secondary Share Sale to Value Company at $800 Billion
In a recent report by the Wall Street Journal, SpaceX is in talks to launch a secondary share sale that would value Elon Musk’s rocket company at an astounding $800 billion. This valuation is double its previous worth of $400 billion, surpassing OpenAI to become America’s most valuable private company.
Despite the news, SpaceX has not provided any comments on the matter, and details about the scale of the offering were not disclosed in the WSJ report.
The staggering valuation of SpaceX is indicative of the trend of sky-high valuations in the private market. OpenAI, a prominent player in the artificial intelligence sector, currently holds a valuation of $500 billion. Meanwhile, Anthropic, boosted by significant investments from tech giants Microsoft and Nvidia, saw its valuation skyrocket to $350 billion from $183 billion in just a few months.
These companies are able to achieve valuations comparable to those of public companies while remaining private, thanks to secondary sales that provide liquidity without the pressure of quarterly earnings reports.
Founded in 2002, SpaceX has established itself as a leader in commercial rocket launches and operates Starlink, a satellite internet service that boasts over 8 million customers worldwide as of November.
