SpaceX Valuation Soars in Insider Share Sale

SpaceX has authorized an insider share sale valuing the company at $800 billion. Offering shares at $421 each, SpaceX is also considering a public offering in 2026. If successful, the IPO could raise over $25 billion, boosting its valuation above $1 trillion. It is currently the second most-valuable private startup.

On Friday, Bloomberg News reported that SpaceX authorized an insider share sale, valuing Elon Musk's enterprise at an impressive $800 billion. The shares are being offered at $421 each.

Reports indicate that SpaceX, a major player in the private aerospace sector, is gearing up for a potential public offering slated for 2026. This move could see the company's valuation rise above $1 trillion.

According to Crunchbase, SpaceX stands as the second most-valuable private startup globally, following OpenAI, known for creating ChatGPT. The company did not provide further comments, and attempts by Reuters to verify the news were not fruitful.

(With inputs from agencies.)