Quick overview

---

SpaceX is preparing to sell insider shares in a deal that could value Elon Musk’s rocket and satellite manufacturer at up to $800 billion, reinstating its position as the most valuable private company in the world.

 

The details that SpaceX’s board of directors discussed on Thursday at its Starbase hub in Texas could change depending on interest from insider sellers and buyers or other factors.

SpaceX is also considering a potential IPO as early as late next year. The price under discussion for selling some employees’ and investors’ shares is more than $400 per share, according to another person familiar with the situation. This would put SpaceX’s valuation between $750 billion and $800 billion.

Although a successful offering at these levels would break records, the company would not raise any money through this planned sale.

In a post on his social media platform X, Musk stated, “SpaceX has been cash flow positive for many years and does periodic stock buybacks twice a year to provide liquidity for employees and investors.” When the company raised funds and sold shares at a valuation of $400 billion, the share price under discussion would be a significant increase compared to the $212 per share set in July.

EchoStar Corp.’s stock rose after learning of SpaceX’s valuation,  18% for a satellite TV and wireless company. In addition to an earlier deal to sell roughly $17 billion in wireless spectrum to Musk’s business, EchoStar agreed last month to sell spectrum licenses to SpaceX for $2.6 billion