SpaceX is seeking to raise its valuation to around $400 billion by selling shares internally, building on its $350 billion valuation in December 2024. The private aerospace company, founded by Elon Musk, remains the world’s most valuable privately held firm.
Elon Musk owns 42% of SpaceX’s equity and holds 79% of the voting power, ensuring he maintains control over company decisions. The company regularly offers tender events every six months, allowing employees to sell portions of their vested shares to approved investors or back to SpaceX.
SpaceX’s valuation rose dramatically from $210 billion six months before December 2024 to $350 billion, with shares priced at $185 each during the latest tender offer. Despite the high valuation, most shareholders, including employees, have chosen not to sell their shares.
The company’s growth is driven by its Starlink satellite internet service, with over 4 million subscribers worldwide, and its dominance in the U.S. satellite launch market. It also generates nearly $20 billion in government contracts and earns revenue from commercial rocket launches.
Analysts project SpaceX could reach a $2.5 trillion enterprise value by 2030, reflecting strong confidence in its long-term growth potential fueled by innovations like the Starship rocket.
SpaceX remains privately held with no current plans for an initial public offering (IPO), relying on periodic insider share sales to provide liquidity to employees and early investors.
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