SpaceX's $400 Billion Valuation Rocket: Internal Share Sale Ignites Investor Excitement

Elon Musk's space exploration firm, SpaceX, is reportedly gearing up for an internal share sale. This transaction is projected to boost the company's valuation to around $400 billion, positioning it firmly atop the chart of the highest-valued private startups worldwide.

Inside sources declare that this sale prices each share at $212, a significant increase from the $185 per share valuation during the previous transaction in December, which valued the company at $350 billion. SpaceX has not publicly responded to inquiries regarding this transaction.

SpaceX has carved an impressive path with notable technological projects such as the "Starship" rocket and "Falcon" series rockets. Moreover, its "Starlink" satellite internet service is reported to account for over half of SpaceX's annual revenue. This segment's rapid growth further supports investor confidence in the company's future prospects.

The internal sale will allow existing shareholders to liquidate some of their assets. This practice, increasingly popular among long-standing private firms, offers early employees and investors a cash-out opportunity without transitioning the company to a public entity.

One informed source indicates that SpaceX might repurchase shares totaling up to $1.25 billion, further illustrating the dynamic between maintaining private ownership while accommodating liquidity needs.