SpaceX Targets Record-Breaking $400 Billion Valuation via Share Offering, According to Reports
SpaceX, the aerospace company founded by Elon Musk, is reportedly in advanced stages of raising fresh capital, potentially valuing the company at an astounding $400 billion[1][3][4][5]. This deal, if successful, would make SpaceX the most valuable private company globally and mark another significant leap in its valuation trajectory.
The proposed valuation is driven by several factors, including the established revenue and cash flow of Starlink, SpaceX's satellite internet business, which boasts over 6 million users and generated about $2.7 billion in revenue in 2023[2]. Starship, SpaceX's next-generation spacecraft, although yet to launch commercially, is seen as a transformative asset for deep space missions, offering long-term dominance in space logistics[2].
Moreover, SpaceX's leadership in reusable Falcon 9 rockets, which drastically cuts launch costs and raises margins, solidifies its competitive edge and investor confidence[1]. The company's operational excellence is a significant draw for potential investors.
The potential implications of this capital raise are far-reaching. Early investors would have the opportunity to realise gains, allowing SpaceX to remain private longer, thus maintaining control over its long-term ambitious plans[1]. The new capital influx will fund ongoing development, especially for mega-projects like Starship and lunar infrastructure, as SpaceX aims to expand beyond Earth[1].
The valuation also reinforces SpaceX's market dominance, positioning it as a future cornerstone in global communications (Starlink) and space launch services[2]. If successful, SpaceX could become the highest-valued privately held U.S. company ever, surpassing the likes of OpenAI and TikTok owner ByteDance[2].
It is important to note that the valuation and final deal terms could potentially shift during negotiations. The fundraising round, if successful, would involve a secondary share sale and a tender offer for employees to cash out some of their shares[1]. SpaceX has held such tender offers twice a year.
The report about SpaceX's fundraising efforts comes from Bloomberg. The company's growth is primarily attributed to its dominance in the rocketry market, its expanding Starlink satellite internet business, and the development of its next-gen Starship spacecraft. SpaceX was worth nearly $150 billion during a funding round in July 2023, and its valuation has significantly increased since October 2021, when it reached $100 billion[6].
Recently, SpaceX was named one of TIME's 100 Most Influential Companies of 2025, further cementing its position as a leading player in the aerospace industry. As SpaceX continues to push the boundaries of space exploration and technology, it remains to be seen how this potential $400 billion valuation will shape its future and the industry at large.
Science and finance intersect as the potential $400 billion valuation of SpaceX is driven by the revenue and cash flow of its satellite internet business, Starlink, and the transformative potential of Starship, its next-generation spacecraft [2]. Business opportunists envision significant profits from SpaceX's long-term dominance in space logistics and global communications through Starship and Starlink [2].
