SpaceX is preparing a new insider share sale that could value the company at as much as $800 billion, according to people familiar with the discussions, potentially making Elon Musk’s rocket and satellite venture the world’s most valuable privately held company.
The proposal was reviewed during a board meeting on Thursday at the company’s Starbase facility in Texas. While details may shift depending on demand from buyers and sellers, insiders say the transaction would allow employees and early investors to sell shares at a price above $400 per share. At that level, SpaceX’s valuation would stand between $750 billion and $800 billion.
Importantly, the company would not raise new capital through this deal. Instead, it would serve as a liquidity event—part of SpaceX’s practice of conducting twice-yearly buybacks to support employees and longstanding backers.
The potential valuation represents a dramatic increase from July 2025, when SpaceX sold shares at $212 each, valuing the company at around $400 billion.
IPO Talks Also Underway
One Bloomberg source said SpaceX is also evaluating a possible initial public offering as early as late next year, though no final decisions have been made. Such a move would mark one of the most highly anticipated listings in global markets.
Musk Responds to Reports
Elon Musk denied that SpaceX is raising capital at an $800 billion valuation but did not comment on the reported insider sale. Posting on X, he emphasized that SpaceX has been “cash flow positive for many years” and regularly provides liquidity events for employees and investors.
Market Reaction
The news boosted shares of EchoStar Corp., which surged by as much as 18% on Friday. The company recently agreed to sell $2.6 billion in spectrum licenses to SpaceX, in addition to a previous deal involving $17 billion worth of wireless spectrum.
Industry Dominance
SpaceX remains the world’s most prolific rocket launcher, commanding the satellite-to-orbit market through its Falcon 9 workhorse and expanding Starlink satellite network.
If finalized, the new valuation would exceed the previous private-company record of $500 billion, reportedly achieved by OpenAI in October.
