Overview

• SpaceX is in talks to raise new funds and offer insider share liquidity through a combined primary and secondary sale that would value the company at about $400 billion
• The proposed structure sells a small tranche of new shares to investors and concurrently allows employees and early backers to sell existing shares at the same price
• Proceeds are earmarked to accelerate Starship development for upcoming lunar and Mars missions and to expand Starlink’s satellite internet footprint beyond its current 6 million users
• Gwynne Shotwell, SpaceX president and COO, is overseeing daily operations and the fundraising effort to maintain focus amid Elon Musk’s external political and business disputes
• Negotiations remain ongoing and the final valuation and deal terms could shift depending on insider participation and overall market demand