SpaceX, Elon Musk's aerospace company, is reportedly in discussions for a secondary share sale that could skyrocket its valuation to an astonishing $800 billion. If successful, this move would cement its position as America's most valuable private company, significantly surpassing its recent $400 billion valuation and outpacing AI leader OpenAI.
The staggering figure, initially reported by The Wall Street Journal, underscores a growing trend of "mega-valuations" becoming routine within private markets. Companies are increasingly achieving public-market-scale valuations while remaining private, largely fueled by secondary sales that offer liquidity to early investors and employees without the intense scrutiny of quarterly earnings reports associated with public listings.
This potential valuation would place SpaceX well ahead of other high-profile private tech firms. OpenAI, for instance, currently stands at a $500 billion valuation, while AI competitor Anthropic reportedly saw its valuation surge to $350 billion last month following significant investments from tech giants Microsoft and Nvidia, up from $183 billion just months prior.
Founded in 2002, SpaceX has established itself as a dominant force in commercial rocket launches. Beyond its pioneering work in space transportation, the company also operates Starlink, its rapidly expanding satellite internet service, which boasted over 8 million global customers as of November.
SpaceX has not yet responded to requests for comment regarding the reported share sale. The Wall Street Journal's report did not specify the scale of the offering.
