SpaceX Targets Valuation of Up to $800 Billion in New Secondary Share Sale: WSJ

San Francisco: SpaceX is preparing a secondary share sale that could value the company at up to $800 billion, according to a report published Friday by The Wall Street Journal. If completed at this level, the aerospace giant would rank among the world’s most valuable private companies, surpassing the recent $500 billion valuation of OpenAI.

The report said SpaceX has also indicated to select investors that it may consider going public as early as late 2026, a move that would mark a significant milestone for the rapidly expanding firm.

SpaceX’s spending continues to accelerate as it invests in reusable rocket systems, global launch operations, and thousands of low-Earth orbit satellites under its Starlink network. The company currently operates the world’s largest satellite constellation, enabling its fast-growing global broadband business.

A potential IPO, the report noted, would include the Starlink division, which SpaceX previously explored spinning out. The business has grown into a major revenue driver as demand for satellite internet expands across residential, aviation, maritime, and government sectors.

CEO Elon Musk has publicly expressed reservations about running additional publicly traded companies due to regulatory pressures and what he described as “spurious lawsuits.” However, during Tesla’s annual shareholder meeting last month, he acknowledged that allowing Tesla shareholders to participate in SpaceX’s growth is a priority.

“Maybe at some point, SpaceX should become a public company despite all the downsides,” Musk said at the time.

Any public listing or share sale would come at a pivotal moment for SpaceX, which is competing with Jeff Bezos’ Blue Origin and emerging launch startups for commercial and government contracts. With its aggressive advances in rocket reusability and satellite expansion, the company remains the dominant force in the new space economy.