SpaceX plans to sell internal shares at an $800 billion valuation and aims to go public in the second half of next year

Foresight News reported, citing Jinse Finance, that according to sources familiar with the matter, SpaceX is in negotiations to sell internal shares, a deal that would value Elon Musk’s rocket and satellite manufacturer at $800 billions. If confirmed, this new transaction would once again make SpaceX the world’s most valuable startup, surpassing the previous record valuation of $500 billions set by OpenAI in October. This valuation marks a significant increase compared to the per-share price of $212 set in July, when the company raised funds and sold shares at a $400 billions valuation. Two people familiar with the discussions revealed that SpaceX has informed investors and representatives of financial institutions that the company plans to conduct an initial public offering (IPO) in the second half of next year. The negotiations come as SpaceX is considering selling shares held by investors.