Overview
- CFO Bret Johnsen has been briefing investors on a new secondary tender aimed at providing liquidity for employees and early holders.
- Valuation signals differ across reports, with some pointing to an $800 billion target and Bloomberg indicating potential clears near $300 a share, or about $560 billion.
- The plan was discussed by the board at Starbase in Texas and remains at a term‑sheet stage dependent on seller and buyer interest.
- An $800 billion price would surpass OpenAI’s recent $500 billion mark and roughly double SpaceX’s July valuation near $400 billion at $212 a share.
- Investor pitches cite growth drivers such as more than 8 million Starlink customers, sizable government contracts, Starship progress, and recent spectrum deals tied to EchoStar.