SpaceX Aims for Record-Breaking IPO with $800 Billion Valuation

SpaceX Sets Sights on Largest Initial Public Offering (IPO) in History

SpaceX, the renowned rocket and satellite maker founded by Elon Musk, is moving forward with an insider share sale that values the company at approximately $800 billion. This valuation makes SpaceX the world's most valuable closely held company, surpassing the previous record of $500 billion set by OpenAI, the owner of ChatGPT, in October.

Preparing for a Possible Public Offering in 2026

In a company message, SpaceX announced its plans to prepare for a possible initial public offering (IPO) in 2026. The primary goal of this IPO is to fund an ambitious plan for its developmental Starship rocket, artificial intelligence (AI) data centers in space, and a base on the moon. The company aims to achieve an 'insane flight rate' with its Starship rocket, which is currently under development.

Key Facts and Figures

• The per-share price of $421 in its latest secondary offering is nearly double the $212 per share set in July at a $400 billion valuation.
• SpaceX is targeting a valuation of about $1.5 trillion for the entire company, which would make it one of the largest listings in history, comparable to the market value of Saudi Aramco.
• The company dominates the space industry with its Falcon 9 rocket, which lifts satellites and people to orbit, and is also the industry leader in providing internet services from low-Earth orbit through Starlink, a system of thousands of satellites serving millions of customers.

Ambitious Plans and Risks

If Musk decides to proceed with the IPO, it would be another significant venture for him. However, it would depend on a series of ambitious and risky plans that SpaceX would have to execute in the coming years. The company's plans include launching its Starship rocket at an 'insane flight rate' and establishing AI data centers in space.

As a reliable and trusted news source, we will continue to provide updates on this developing story. Stay tuned for more information on SpaceX's IPO plans and its impact on the space industry and market trends.