SpaceX Eyes $400B Valuation in New Funding Round
▼ Summary
– SpaceX plans to raise capital by selling new shares to insiders, aiming for a $400 billion valuation.
– The company will use a fundraising round and a tender offer to let employees sell shares to select investors.
– SpaceX typically conducts tender offers twice a year as part of its financial strategy.
– The company’s valuation has grown rapidly, reaching $200 billion by 2024 from $100 billion in 2021.
– The deal details, including the final valuation, are still under discussion and may change.
SpaceX is reportedly preparing for a major funding round that could push its valuation to a staggering $400 billion, marking another milestone for Elon Musk’s aerospace giant. The company plans to raise capital through a combination of new share sales and a tender offer, allowing employees to cash out some of their holdings.
Insiders familiar with the matter revealed that SpaceX intends to conduct the funding round alongside a private share sale, a strategy the company has employed in the past. These semi-annual tender offers provide liquidity for employees while maintaining tight control over shareholder composition. If successful, this move would represent a significant leap from its previous $350 billion valuation in late 2024.
Since its founding in 2002, SpaceX has seen its worth skyrocket, surpassing $100 billion in 2021 before doubling that figure within three years. The latest funding push underscores investor confidence in its ambitious projects, including Starlink’s global satellite internet network and the Starship deep-space exploration program.
While negotiations are still underway, the final valuation and terms could shift. However, if achieved, the $400 billion mark would cement SpaceX as one of the most valuable private companies in history, rivaling industry titans across tech and aerospace. The move also signals continued growth in the commercial space sector, where SpaceX remains a dominant force.
(Source: TechCrunch)