SpaceX Valuation Soars To $800 Billion Amid Ambitious Plans For Starship And Lunar Base

In a remarkable turn of events, SpaceX, the pioneering rocket and satellite manufacturer led by Elon Musk, has achieved a staggering valuation of approximately $800 billion. This impressive figure was disclosed through an insider share sale, as reported in a company message obtained by Bloomberg on December 12. The valuation surge is largely attributed to the company’s ambitious plans for the future, including a potential public offering in 2026. This prospective deal aims to fund an unprecedented “insane flight rate” for its developmental Starship rocket, as well as the establishment of artificial intelligence data centers in space and a lunar base.

A recent secondary offering, as outlined by Chief Financial Officer Bret Johnsen in a memo to shareholders, priced shares at $421, nearly double the $212 per share set in July at a $400 billion valuation. This significant increase solidifies SpaceX’s position as the world’s most valuable closely held company, surpassing the previous record of $500 billion held by OpenAI, the creator of ChatGPT. As SpaceX moves forward with its plans for an initial public offering (IPO), the company is targeting a valuation of around $1. 5 trillion, which would place it near the market value established by Saudi Aramco during its record-breaking 2019 listing.