Why SpaceX Is Aiming for an $800 Billion Valuation

SpaceX is lining up a secondary share sale that values Elon Musk’s company at $800 billion. The Wall Street Journal reported this first, based on people close to the talks, with CFO Bret Johnsen telling investors this week. Yahoo Finance has the details. That tops OpenAI’s $500 billion mark from October.

Bloomberg pegs shares above $400 each in one scenario, for $750 billion to $800 billion total. Their sources note the board discussed a tender offer Thursday at Starbase in Texas, though numbers could shift. A lower preliminary price of $300 per share would hit $560 billion. Back in July, shares went for $212 in a $400 billion raise. Check Bloomberg’s full report, and their Yahoo version.

Financial Times calls it an $800 billion target in the latest insider sale. FT’s article points to reusable rockets and Starlink expansion. Seeking Alpha notes it’s double the recent $400 billion figure. Their take. Investing.com reports talks for shares at $800 billion, more than double the prior valuation. Their report.

Starlink Fuels the Surge

Starlink drives most of the hype. SpaceX runs over 9,000 satellites in low-Earth orbit for global internet, way ahead of rivals like Amazon’s project (Bloomberg). Subscriber growth and revenue jumps make it the cash cow. Bloomberg and FT both credit Starlink’s momentum for pushing the valuation sky-high.

Starship’s Big Promises

Starship tests keep investors betting big. The massive rocket aims to launch more Starlink satellites, haul cargo and people to the moon, then Mars. Successes here signal Musk’s long-term vision, from Falcon 9 dominance in launches to full Mars colonization (WSJ via Yahoo, Bloomberg).

These sales let employees and early investors cash out. SpaceX has teased a Starlink spin-off or full IPO next year, but nothing firm yet.