Overview
- SpaceX completed an insider tender at $421 per share that values the company near $800 billion, with plans to buy $2.56 billion of stock from holders.
- Bret Johnsen told employees the company is preparing for a potential IPO as soon as 2026, while cautioning that whether it happens, its timing, and valuation are highly uncertain.
- The CFO said a listing could fund a major increase in Starship flight cadence, space‑based AI data centers, a lunar base concept dubbed Moonbase Alpha, and crewed and uncrewed Mars missions.
- Reporting from Bloomberg and the Wall Street Journal says advisers are exploring an offering that could raise well over $30 billion at a valuation around $1.5 trillion, with banks pitching for roles this week.
- Alphabet, an early investor, is expected to record another unrealized gain from SpaceX’s higher carrying value, following a prior uplift when a 2024 tender valued the company at about $350 billion.