SpaceX Nears $800 Billion Valuation: Elon Musk’s Rocket Empire Sets New Record

SpaceX Eyes Record-Breaking Valuation

SpaceX is preparing to sell insider shares in a private deal that could value Elon Musk’s rocket and satellite company at up to $800 billion. If confirmed, this would surpass OpenAI’s previous record of $500 billion, making SpaceX the world’s most valuable privately held company.

The company could also pursue an initial public offering (IPO) as soon as late 2026, according to people familiar with the matter.

Details of the Insider Share Sale

The tender offer, discussed by SpaceX’s board at its Starbase hub in Texas, would let employees and early investors sell shares. The share price under discussion is reportedly over $400 per share, though the final number may change depending on interest from buyers and sellers.

This is a significant jump from the $212 per share set in July 2025, when SpaceX raised money at a valuation of $400 billion.

What This Means for SpaceX

• World’s most valuable private company: Surpassing OpenAI’s $500 billion valuation.
• IPO potential: Selling 5% of SpaceX at $800 billion could raise $40 billion, making it the largest IPO in history, far exceeding Saudi Aramco’s $29 billion debut in 2019.
• Liquidity for investors: Early shareholders and employees can cash out some of their stakes before a potential IPO.

SpaceX’s Business Overview

SpaceX dominates the space industry with several major operations:

Rocket Launches

• The company’s Falcon 9 rocket is the most prolific launcher in the world, carrying satellites and humans to orbit.
• SpaceX is developing Starship, advertised as the most powerful rocket ever, capable of lifting large payloads, Starlink satellites, cargo, and eventually humans to the Moon and Mars.

Starlink Internet Service

• SpaceX operates Starlink, a global internet service using over 9,000 satellites in low-Earth orbit.
• Starlink is ahead of competitors like Amazon’s Amazon Leo and is considered a key growth driver for SpaceX.
• The company has previously floated the idea of a Starlink spin-off IPO, but Musk and CFO Bret Johnsen have indicated it may happen “in the years to come.”

Market Impact

The news of SpaceX’s high valuation has already affected the market. Shares of EchoStar, a satellite and wireless company that recently sold spectrum to SpaceX, rose as much as 18%.

SpaceX’s private valuation positions it among a rare group of companies able to raise funds at $100 billion-plus valuations while delaying or avoiding a public listing.

Risks and Considerations

While an IPO could make SpaceX one of the largest public companies globally, it would also expose the firm to market volatility. Recent space-related IPOs have had mixed success in 2025, with some companies like Karman Holdings seeing stock prices triple, while others like Firefly Aerospace fell sharply.

What’s Next

SpaceX is aiming for a full IPO in the second half of 2026, according to reports. Until then, insider sales provide a way for early investors and employees to realize returns on their stakes.

With Starship development, Falcon 9 operations, and Starlink expansion, SpaceX is not just a rocket company—it’s building a full-scale space infrastructure that could dominate both launch services and satellite internet for years to come.