Overview
- Multiple outlets report a new secondary share sale that could imply an $800 billion valuation, surpassing OpenAI’s recent $500 billion level.
- Chief financial officer Bret Johnsen has briefed investors on the tender, and the board reviewed the plan at Starbase, with a potential public listing targeted for late 2026.
- The contemplated offering would take the entire company public, including the Starlink satellite internet unit, contrary to earlier spin-off expectations.
- Bloomberg reports insider sales could clear near $300 a share, implying roughly a $560 billion valuation, underscoring unresolved price discovery.
- No S-1 has been filed or exchange selected, and a telecom–defense profile invites regulatory scrutiny, even as Starlink reports over 8 million customers and Musk cites about $15.5 billion in 2025 revenue.