SpaceX insider share sale establishes a $800 billion valuation in light of a potential IPO, according to a letter
SpaceX is set to go public next year and has initiated a secondary share sale that would value the company at $800 billion, as detailed in a letter to shareholders from the company’s CFO Bret Johnsen, which was reviewed by Reuters.
The company led by Elon Musk is moving towards a public listing, potentially one of the largest initial public offerings in the world. This decision has been significantly influenced by the swift growth of SpaceX’s Starlink satellite internet business, which includes plans for direct-to-mobile service and advancements in its Starship rocket program aimed at missions to the moon and Mars.
In a letter dated December 12, Johnsen stated that SpaceX has sanctioned an arrangement in which both new and existing investors, along with the company, will purchase up to $2.56 billion of shares from eligible shareholders at a price of $421 per share.
We are getting the company ready for a potential IPO in 2026. “The timing, occurrence, and valuation remain uncertain, yet the belief is that with exceptional execution and favorable market conditions, a public offering could generate substantial capital,” Johnsen stated.
According to Johnsen, SpaceX intends to utilize the funding to increase the flight rate of Starship, establish artificial intelligence (AI) data centers in space, construct Moonbase Alpha, and launch both uncrewed and crewed missions to Mars.
SpaceX has not yet provided a response to the request for comment. On Friday, Bloomberg News and The New York Times reported the share sale.
Musk suggested a potential SpaceX IPO in a recent post on the social media platform X.
On Tuesday, Reuters reported, referencing a source familiar with the situation, that the rocket and satellite company aims to raise more than $25 billion in an IPO that may occur as soon as June.
Reports indicating that SpaceX is considering a potential IPO, aimed at financing Musk’s aspirations for Mars, have been positively received by investors, with the company’s valuation projected to exceed $1 trillion.
According to data from Crunchbase, SpaceX is recognized as the second-most valuable private startup globally, following the ChatGPT creator, OpenAI.
Discussions regarding a listing plan are taking place amid a revival in the IPO market in 2025 following a three-year period of inactivity.
