Insider share sale values SpaceX at $800 billion before IPO
SpaceX is gearing up for a public offering next year and has initiated a secondary share sale that would appraise the company at $800 billion, as stated in a letter to shareholders from the company’s CFO Bret Johnsen. The company led by Elon Musk is poised for a public listing that may become one of the largest initial public offerings in the world. This development has been significantly influenced by the swift growth of SpaceX’s Starlink satellite internet venture, which includes ambitions for direct-to-mobile service and advancements in its Starship rocket program aimed at lunar and Martian missions.
In a letter dated December 12, Johnsen stated that SpaceX has sanctioned an arrangement allowing both new and existing investors, along with the company itself, to purchase up to $2.56 billion in shares from eligible shareholders at a price of $421 per share. “We are preparing the company for a possible IPO in 2026. Whether it actually happens, when it happens, and at what valuation are still highly uncertain, but the thinking is that if we execute brilliantly and the markets cooperate, a public offering could raise a significant amount of capital,” Johnsen said.
SpaceX intends to utilize the funding to increase the flight rate of Starship, establish artificial intelligence data centers in space, construct Moonbase Alpha, and launch both uncrewed and crewed missions to Mars, Johnsen stated. Musk suggested the potential for a SpaceX IPO in a recent post on the social media platform X. On Tuesday, Reports says that the rocket and satellite company is seeking to raise over $25 billion in an IPO that could occur as early as June.
Investors have reacted positively to reports suggesting that SpaceX is considering a potential IPO, which would finance Musk’s aspirations for Mars and appraise the rocket and satellite company at over $1 trillion. According to data, SpaceX stands as the world’s second-most valuable private startup, following the ChatGPT maker 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.
