SpaceX valuation to hit around $400B in share sale
The valuation would mark a significant premium to the $350 billion high-mark set during SpaceX's share buyback in December. It would put the privately held firm on par with the market capitalizations of some of the world's largest, publicly traded companies, including Home Depot Inc. and Palantir Technologies Inc.
A representative for SpaceX, formally known as Space Exploration Technologies Corp., didn't immediately respond to a request for comment.
SpaceX's strategy, one of the people said, involves launching a primary fundraising round during which it would sell new shares to investors, said some of the people, who asked not to be identified discussing nonpublic information. One of SpaceX's fundraising rounds, in 2021, took in some $850 million.
Separately, SpaceX also plans a so-called tender or secondary offering, through which employees and some early shareholders can sell shares, the people said.
The details could change depending on interest from insider sellers and buyers, as has happened during previous company buybacks, said the people.
The valuation reflects a range of factors, including the rise of its fast-growing Starlink satellite internet unit and its ability to achieve new milestones with its Starship rocket program. SpaceX, already among the industry's preeminent rocket launch providers, is working to get development of the revolutionary launch system back on track after a string of explosive setbacks, including a huge blast on its test stand in Texas in June.
Subscribe Now: The Business of Space newsletter covers NASA, key industry events and trends.
Musk, the world's richest person, is also again locked in a tit-for-tat public feud with US President Donald Trump, this time over the president's landmark spending and tax-cut package, and has teased the idea of launching a new political party. The latest sparring further erodes a one-time alliance between Musk and the White House that signaled a windfall of opportunity across the billionaire's business empire.
(Updates with details on the transaction and company from fourth paragraph.)
©2025 Bloomberg L.P.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
31 minutes ago
- Yahoo
Exclusive: Billionaire Tim Draper has a blunt response to Elon Musk's new political party
Exclusive: Billionaire Tim Draper has a blunt response to Elon Musk's new political party originally appeared on TheStreet. Elon Musk's surprise launch of the 'America Party' sent fresh shockwaves through crypto markets. After declaring on X that the movement would "embrace Bitcoin' because 'fiat is hopeless,' Bitcoin spiked to almost $110,000. Venture capitalist Tim Draper says Elon Musk's newly launched America Party could inject long-needed innovation into U.S. politics. 'I love America because people can innovate in every way possible,' Draper told TheStreet Roundtable in a conversation with host Alp Gasimov and Roundtable CEO and founder James he added, was 'frustrated that he couldn't get anything done within Washington' because lawmakers and regulators 'throw up lawyers and judges and whatever in your face every time you try to do something good.' 'I think he's showing that frustration, and I think it's potentially very exciting,' Draper continued. 'Hopefully this administration will be able to do some of the things that he's hoping to do.' Draper argued that the 'pendulum is swinging back to capitalism, and that is a real positive for the world.' Socialism, he said, 'doesn't work, never has, in no place ever.' Citing Sweden as an example, he claimed the Nordic nation's economy 'goes flatline' whenever it leans socialist, only to recover once capitalist policies return. 'At least the world is moving back to capitalism,' Draper said. 'I think Elon's on a mission to shrink the federal government and try to get rid of that debt, and I wish he could.' Pressed on how to reduce the ballooning federal deficit, Draper offered 'a bunch of little ideas,' starting with linking government pay to economic output: 'You tie their bonuses to GDP growth and to how efficiently they have run.'He also urged capping Congress to a fixed pool of money, saying lawmakers should 'vote for shares of that budget rather than just unlimited spending,' and argued that a president should be able to shutter obsolete agencies at will: 'you can actually eliminate the entire department as president, you don't have to go through the courts.' Draper conceded there is 'not a quick solution' but insisted these steps would make 'a huge impact on our government and our debt.' Exclusive: Billionaire Tim Draper has a blunt response to Elon Musk's new political party first appeared on TheStreet on Jul 8, 2025 This story was originally reported by TheStreet on Jul 8, 2025, where it first appeared. Errore nel recupero dei dati Effettua l'accesso per consultare il tuo portafoglio Errore nel recupero dei dati Errore nel recupero dei dati Errore nel recupero dei dati Errore nel recupero dei dati
Wall Street Journal
32 minutes ago
- Wall Street Journal
Elon Musk's Grok Chatbot Publishes Series of Antisemitic Posts
Grok, the flagship chatbot behind Elon Musk's fledgling artificial intelligence company xAI, published a number of antisemitic posts Tuesday, its second flurry of controversial responses to users in recent months. In a series of viral posts, Grok started to call itself 'MechaHitler.' The chatbot suggested that an account called @Rad_Reflections was a person named Cindy Steinberg, who was celebrating the death of dozens of children who went missing at Camp Mystic in Texas because of her last name.
CNBC
39 minutes ago
- CNBC
CNBC Daily Open: To bet on a meteor strike, or tariff-driven inflation?
U.S. President Donald Trump announced Tuesday that copper and pharmaceutical imports will face tariffs of 50% and as high as 200%, respectively. Following the news, the S&P 500, which hit multiple record closes last week, ground to a halt and closed mostly flat. That said, it's a muted response for such hefty tariffs, suggesting investors are either brushing off Trump's tariffs as hollow threats, or discounting the effects they could have on inflation and the economy. Such complacency could be a mistake, as some market watchers have cautioned. It also mirrors the White House's stance on tariffs, which might not be a position investors want to take. On Tuesday, Stephen Miran, chairman of Trump's Council of Economic Advisers, told CNBC's "Squawk Box" that the odds of tariffs leading to higher prices is a "rare event" like "pandemics or, or meteors or whatever." "I don't mean to be dismissive," Miran clarified. "All I mean to say is that prediction is difficult, and we should always speak in terms of odds and possibilities." For the record, there's a 0.004% chance of an asteroid that will fly near Earth in 2023 striking our planet, according to NBC News. New tariffs on copper and pharmaceuticals. Copper imports will attract a 50% duty while that of pharmaceuticals will be subject to tariffs as high as 200%, Trump said Tuesday. He didn't specify when they would take effect, but said the latter might kick in within a year and half. U.S. stocks were mostly unchanged. On Tuesday, the S&P 500 and Nasdaq Composite closed around the flatline, while the Dow Jones Industrial Average slipped 0.37%. The Stoxx Europe 600 climbed 0.41% after dipping in the afternoon. Elon Musk lashes out at Tesla bull. Wedbush Securities' Dan Ives, who is perhaps the analyst most bullish on Tesla, offered three recommendations to Tesla's board, including "oversight" of Musk's political activities. Musk retorted, "Shut up, Dan." Shein files for Hong Kong IPO. The online fast fashion giant's confidential filing submitted last week is a bid to apply pressure on U.K. regulators to move forward its London listing ambitions, according to the Financial Times. [PRO] Markets are refusing to listen to Trump. The latest tariff announcements from the White House have so far elicited a muted response from U.S. markets. Some market observers are concerned that investors are being too optimistic. Global stock markets are calling Trump's bluff on tariffs On Monday, Trump slapped punitive tariff rates on 14 trading partners — but global markets are so far shrugging off the new policies. Asia-Pacific equity markets had a muted response, while European stock markets closed higher Tuesday. Investors had already priced in the fact that many trade deals would not be reached before the July deadline, according to Toni Meadows, head of investment at London's BRI Wealth Management — but he suggested that some investors may be being complacent.
