SpaceX is reportedly preparing to raise new funds and offer insider shares in a deal that would peg the company’s valuation at approximately $400 billion, according to sources familiar with the matter.
This potential valuation marks a significant jump from the $350 billion high set during SpaceX’s share buyback in December. It would place Elon Musk’s rocket and satellite firm in the same league as publicly traded giants like Home Depot Inc. and Palantir Technologies Inc.
A representative for SpaceX, officially known as Space Exploration Technologies Corp., declined to comment on the report.
According to the sources, the company is planning a primary fundraising round where new shares will be sold to investors. In a previous round back in 2021, SpaceX raised roughly $850 million.
In addition to the new funding, SpaceX is also preparing a secondary or tender offering, allowing early shareholders and employees to sell their existing shares, the sources said.
The structure and final details of the offering could shift depending on investor appetite and participation from insiders, as has occurred in past transactions, the sources noted.
The new valuation is driven in part by SpaceX’s rapid advancements across two major fronts: its Starlink satellite internet business and the continued development of its Starship rocket program. While the company is one of the most dominant players in commercial space launches, it’s still working to recover from a series of test failures, including a major explosion on a Texas launch pad in June.
Meanwhile, Musk—currently the world’s richest person—is once again clashing publicly with President Donald Trump over the administration’s tax and spending policies. The spat has revived speculation about Musk forming a new political party, straining what was once a close working relationship between the billionaire and the White House.
Tesla (TSLA) rebounded 1% early Tuesday after dropping 7%.
Additionally, last week’s budget bill may reduce EV tax incentives, potentially impacting Tesla and competitors. Despite the rebound, shares remain about 15% lower than early June levels.
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