SpaceX Set to Sell Insider Shares, Boosting Valuation to $255 Billion

SpaceX, Elon Musk's rocket and satellite company, is reportedly preparing to sell insider shares, potentially raising its valuation to around $255 billion. This marks a significant increase from its previous valuation of $210 billion and solidifies SpaceX's position as the most valuable private company in the United States.

The sale, conducted as a secondary transaction, allows employees and early shareholders to sell their shares without issuing new equity or raising funds. The proposed share price of $135 per share would set a new valuation record for an American private company, though it remains below ByteDance’s $268 billion valuation in December 2023.

SpaceX continues to dominate the commercial space launch market with its Falcon rockets and plays a pivotal role in government space missions, including those for NASA. Its Starship program, aimed at lunar and Mars exploration, is under rapid development, while its Starlink service delivers satellite-based internet to users globally through an expanding constellation of satellites in low-Earth orbit.

The discussions around the sale are ongoing, and details may evolve depending on market interest. If finalized, the valuation will place SpaceX among the largest companies globally by market capitalization, rivaling major publicly traded entities.