On 5/12, the Wall Street Journal, citing sources, reported that Elon Musk's aerospace company SpaceX is preparing a secondary share sale to investors, potentially valuing the company at 800 billion USD. This figure is double its 400 billion USD valuation from the last share sale.

This valuation would also allow SpaceX to surpass OpenAI as the most valuable private company in the US, according to Crunch Base. OpenAI was valued at 500 billion USD during a share sale in October.

The Starship rocket during a high-altitude test flight. Photo: SpaceX

The Information reported that SpaceX also informed some investors it is considering a full initial public offering (IPO), including its Starlink satellite Internet service, in the second half of next year. In 2020, Elon Musk stated that SpaceX intended to list Starlink after several years, once revenue growth stabilized, planning to spin off the division at that time.

SpaceX currently dominates space services with its Falcon rockets, which transport people and cargo into orbit for NASA and other government agencies. The company continues to invest heavily in reusable rockets, satellites, and launch facilities.

While competing for government contracts with newer rivals like Jeff Bezos's Blue Origin, SpaceX holds a significant lead. It also operates the world's largest low-Earth orbit satellite network through Starlink.

Musk previously addressed the possibility of listing SpaceX at Tesla's shareholder meeting last month. He stated he dislikes running public companies, partly because they are susceptible to "baseless lawsuits" and going public makes "operations very difficult". He currently serves as CEO for both Tesla and SpaceX.

Despite this, Musk admitted he wants to "find a way for Tesla shareholders to participate in SpaceX". The billionaire concluded, "Perhaps at some point, SpaceX should become a public company, despite many disadvantages".

Ha Thu (according to Reuters, WSJ)