Boca Chica, Texas — SpaceX is reportedly gearing up for a significant insider share sale that could establish a valuation for the private aerospace company at as much as $800 billion, reclaiming its position as the world’s most valuable private enterprise. Discussions regarding the transaction took place during a board meeting at SpaceX’s Starbase facility, and details may shift depending on interest from potential sellers and buyers, according to sources familiar with the matter.

The proposed share price for this transaction is expected to exceed $400 each, potentially elevating SpaceX’s market valuation between $750 billion and $800 billion. While this sale will not directly generate new funds for the company, a successful offering at this price could surpass the $500 billion valuation achieved by OpenAI last October, marking a significant milestone in the tech and aerospace sectors.

Elon Musk has publicly refuted claims that SpaceX is seeking to raise money at an $800 billion valuation, choosing instead to emphasize the company’s positive cash flow over recent years. Musk noted that SpaceX routinely conducts stock buybacks semi-annually to enhance liquidity for employees and investors.

Prior to this announcement, SpaceX shares had been valued at $212 each during a similar transaction in July, when the company secured funding at a $400 billion valuation. Industry reports detailing the current valuation have prompted notable market reactions; shares of satellite communications provider EchoStar surged by as much as 18% following news of SpaceX’s booming valuation.

In addition to its rocket launch capabilities via the Falcon 9, SpaceX leads the industry in providing internet services via its Starlink satellite network, which consists of over 9,000 satellites and far outpaces competitors, including Amazon’s forthcoming satellite internet service.

An initial public offering (IPO) at such a high valuation would position SpaceX among the largest public companies globally, alongside Musk’s other major enterprise, Tesla. If the company sold just 5% of its shares at the $800 billion valuation, it would result in an unprecedented $40 billion IPO, surpassing all previous records.

However, a public listing would subject SpaceX to market volatility, contrasting with the more secretive valuation processes typical of private companies. Currently, the reception of recent space and defense IPOs has been mixed, with varying degrees of success observed among recent market entrants.

Musk has previously expressed skepticism about spinning off Starlink into a separate entity, despite discussions among executives suggesting that a future IPO could be on the horizon. Reports indicate that SpaceX is actively communicating with investors about the potential for an IPO in the latter half of next year.

A tender offer, allowing certain employees and early investors to sell their stakes, offers liquidity to those invested in closely held companies like SpaceX. As the company continues to develop its ambitious Starship vehicle, touted as the most capable rocket to date, it positions itself for pivotal missions, including transport to the Moon and Mars.

The unfolding narrative around SpaceX highlights the rapidly evolving landscape of the aerospace industry, where private companies like SpaceX continue to reshape national and global priorities in space exploration and satellite telecommunications.