SpaceX is preparing a new sale of insider shares that would value the company at up to $800 billion, according to people familiar with the matter, marking a record high for the closely held space and satellite operator.
The transaction would lift the SpaceX valuation to the highest level in its history as investor demand for the company’s Starlink internet service and launch business continues to accelerate.
The discussions took place Thursday during a board meeting at SpaceX’s Starbase facility in Texas, the people said. The potential share sale is expected to open in the coming weeks, although the size and timing could shift based on interest from sellers and buyers.
The rising SpaceX valuation follows several years of rapid expansion across the company’s core divisions, including its Falcon launch program, Starship development and the orbiting Starlink broadband network.
SpaceX has already launched more than five thousand satellites into orbit and conducts more missions annually than any other commercial or national operator.
The company has historically used periodic insider rounds to provide liquidity for employees and early investors rather than traditional fundraising.
The latest round would again involve sales of existing shares rather than issuing new stock, the people familiar with the matter said.
SpaceX is also exploring a potential initial public offering of its Starlink unit as early as late next year, according to one of the people.
The company has not publicly commented on IPO plans, and the timeline could shift depending on market conditions and regulatory requirements.
Analysts say the proposed SpaceX valuation reflects a combination of market optimism, commercial momentum and the company’s dominant position in the satellite internet sector.
“Investors are pricing in not just the current launch operations but the long term potential of Starlink to become a global broadband utility,” said Caroline Hughes, a space industry analyst at Orbital Metrics.
At an $800 billion valuation, SpaceX would be valued on par with the world’s most influential technology companies. Aerospace consultant Daniel Morgan said the figure underscores how far the private space sector has evolved.
“Ten years ago no one in the industry would have imagined a private rocket company approaching a trillion dollar valuation,” he said. “SpaceX is rewriting the economics of launch, and that’s the foundation of this number.”
If the deal proceeds, the new SpaceX valuation would make the company the most valuable privately held firm globally, surpassing giants in artificial intelligence, fintech and logistics.
The company was valued at roughly $180 billion in late 2023 during a previous tender offer. Rival aerospace firms remain far smaller Boeing’s market capitalization stands near $100 billion, while Lockheed Martin trades around $120 billion, based on recent market data.
Alphabet, Amazon and Apple among the world’s largest public companies each sit above the $1 trillion mark, giving context to SpaceX’s rapid ascent.
Private market analysts say that while valuations can fluctuate, the persistent appetite for SpaceX shares indicates strong confidence in the long term trajectory of commercial spaceflight.
Employees at SpaceX’s Texas hub described a sense of momentum following recent successful flight milestones.
“We’re working at a pace I’ve never seen in aerospace,” said Maria Ortega, a Starbase technician who has been with the company for five years.
“There’s pressure, but people here believe in what we’re building. These numbers don’t change the day to day work, but they show the world is paying attention.”
Local officials in the region say the company’s growth has had economic ripple effects. “SpaceX has transformed the local job market,” said Cameron County commissioner Luis Barrios.
“If this valuation holds, it signals continued investment and stability for our community.” Some residents, though, voiced concerns about increased traffic, rapid construction and environmental changes near the launch site.
“The progress is exciting, but the pace has been overwhelming at times,” said Denise Lopez, who lives near Boca Chica. “We hope future expansion balances growth with local needs.”
Market observers expect discussions over a Starlink IPO to intensify in the coming months, particularly if financial conditions remain stable.
A public listing of the satellite internet business could provide clearer insight into revenue and subscriber growth, potentially influencing the broader SpaceX valuation.
Analysts also note that U.S. regulatory developments, global competition in satellite internet and the pace of Starship flight testing will play significant roles in shaping investor sentiment next year.
“An IPO would require a level of disclosure the company has avoided until now,” said Hughes. “But given the scale of Starlink, it may be the logical next step.”
The planned insider share sale suggests strong private market demand and renewed confidence in SpaceX’s long term strategy.
While the company weighs the possibility of a future public offering, the record SpaceX valuation highlights its expanding influence across global launch operations and satellite communications.
The final valuation will depend on investor interest once the tender opens, but the company’s trajectory shows no sign of slowing.
