Elon Musk’s SpaceX is initiating a new secondary share sale, potentially boosting its valuation to $800 billion. This increase would make SpaceX the most valuable privately held company in the U.S., surpassing OpenAI. According to The Wall Street Journal, the company’s CFO Bret Johnsen recently informed investors about this tender offer, aligning with plans for a potential IPO in 2026, following a three-year market instability period. The current share sale allows existing employees and investors to cash out. SpaceX’s valuation is driven by its launch dominance for commercial and government missions and the success of Starlink, its satellite-internet service, boasting over eight million active customers. Additionally, SpaceX is focusing on its Starship rocket for future missions and aims to connect internet satellites directly to cellphones, working with global operators to eliminate mobile dead zones. This report underscores SpaceX’s growth trajectory and relevance in the evolving space and tech landscape.
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