In a recent development, SpaceX, the rocket and satellite maker led by Elon Musk, has authorized an insider share sale that values the company at approximately $800 billion. This valuation is based on a per-share price of $421, nearly double the $212 a share set in July at a $400 billion valuation. The company's ambitious plans are evident in its preparation for a possible public offering in 2026. The funds raised would support an "insane flight rate" for its developmental Starship rocket, artificial intelligence data centers in space, and a base on the moon.
According to a company message seen by Bloomberg on December 12, SpaceX is moving ahead with plans for an Initial Public Offering (IPO) that would seek to raise significantly more than $30 billion. This would make it the biggest listing of all time. The company is targeting a valuation of about $1. 5 trillion, which would put it near the market value that Saudi Aramco established during its record 2019 listing.
This new valuation surpasses the previous record of $500 billion set by OpenAI, the owner of ChatGPT, in October. As a result, SpaceX has once again become the world's most valuable closely held company.
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