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SpaceX eyes $800B valuation, eyes public offering
6 Dec
Summary
- SpaceX is pursuing a secondary share sale with an $800 billion valuation.
- The company is considering a public offering possibly by the end of next year.
- SpaceX's valuation surpasses that of OpenAI's $500 billion valuation.
SpaceX is currently exploring a secondary share sale that could value the company at up to $800 billion. Reports indicate that SpaceX has informed investors it might consider a public offering, potentially around the close of 2025. This substantial valuation would place Elon Musk's aerospace and defense firm above OpenAI, the creator of ChatGPT, which was valued at $500 billion in a recent share sale.
The company has been making significant investments in reusable rocket technology, launch infrastructure, and its Starlink satellite network, which provides internet services globally. SpaceX faces competition from emerging space companies like Blue Origin but maintains a leading position, operating the world's largest satellite network in low Earth orbit. A potential initial public offering would incorporate the Starlink business.
Elon Musk, who leads both SpaceX and Tesla, has previously voiced his discomfort with public company status due to potential lawsuits and operational challenges. However, he has also expressed interest in enabling Tesla shareholders to invest in SpaceX, suggesting that an IPO might be considered despite the noted drawbacks.
