SpaceX is reportedly in talks to raise new funds and sell insider shares in a deal that could value the company at around $400 billion, according to people familiar with the discussions. If finalized, this would mark the highest-ever valuation for a privately held US company, surpassing SpaceX’s previous record of $350 billion set during a share buyback in December.
This potential valuation would place SpaceX on par with global giants like ByteDance and OpenAI. A representative for SpaceX, formally known as Space Exploration Technologies Corp., has not responded to requests for comment.
The increase in valuation reflects the rapid growth of its Starlink satellite internet business, which insiders say now contributes over half of the company’s annual revenue. It also highlights investor confidence in the company’s Starship rocket program, despite recent technical challenges including a major explosion during a June test in Texas.
SpaceX remains a key player in the global space industry and is currently working to get its next-generation Starship system back on track after several test setbacks. The company’s ability to continue breaking new ground in space technology plays a significant role in its rising value.
Elon Musk, the founder and CEO of SpaceX, is also making headlines for his ongoing public dispute with US President Joe Biden over the administration’s tax and spending policies. Musk has hinted at launching a new political party, further distancing himself from past ties with the White House.
According to sources, the company plans to launch a new primary fundraising round that will involve the sale of a small number of new shares. At the same time, employee and early investor shares would be offered in a secondary sale, with the price guided by the primary round. Final details may still change based on interest from sellers and buyers.
In a previous funding round in 2021, SpaceX raised about $850 million. The new plan could help the company secure additional resources while giving insiders an opportunity to cash out at a record valuation.
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