Overview
- Multiple outlets reported that SpaceX is preparing a secondary insider share sale that could imply a valuation of up to $800 billion, with the board discussing the proposal at Starbase and the CFO briefing investors.
- The Information reported that SpaceX has been signaling a potential initial public offering in late 2026 that could list the entire company, including Starlink, rather than spinning it off.
- Reporting shows divergent price checks for the tender, with some sources citing shares above $400 implying roughly $750–$800 billion and others indicating nearer $300 a share for about $560 billion.
- Elon Musk posted that SpaceX is not raising money at an $800 billion valuation, saying the company is cash-flow positive and conducts twice-yearly buybacks to provide employee and investor liquidity.
- Starlink’s growth and assets remain central to investor narratives, with more than eight million active users, roughly 9,000 satellites in orbit, and major spectrum deals with EchoStar to support direct-to-cell services.