Elon Musk's SpaceX to become America's most valuable private firm with $800bn share sale

Elon Musk-owned spaceflight and rocket-making giant, SpaceX, is poised to smash valuation records, as reports are pointing to talks underway for an unprecedented $800 billion share sale deal. 

If the deal takes shape, this would instantly make SpaceX America's most valuable private company, overtaking current frontrunners like OpenAI.

The Musk-owned rocket maker, SpaceX, was recently expected to be worth around $400bn, and a jump to $800 billion would mark one of the sharpest valuation climbs ever seen in the history of the private market. 

It should be noted that the company has not commented on the purported share sale deal, nor is there any clarity on how many shares could be sold.

The deal reflects a huge shift in how private companies now operate at a scale once reserved for stock markets. 

Firms like OpenAI, valued at around $500 billion, and Anthropic, reportedly at $350 billion after fresh backing from Microsoft and Nvidia, reflect how vast sums now flow without bearing any pressure of public listings. 

Those unfamiliar with secondary share sales should note that they allow early investors and staff to cash out while firms stay private and avoid the outcome of quarterly earnings.

SpaceX was founded in 2002 and now has grown from a risky start-up into the world’s leading commercial launch provider. Its Starlink satellite internet service is currently catering to more than eight million users worldwide, adding to its powerful revenue engine and space ambitions. 

If the $800 billion valuation comes to fruition, it would solidify SpaceX not just as a leader in spaceflight and rockets but as an unmatched financial force.