SpaceX in Talks to Raise New Funding, Valuation to Reach $400 Billion
AI-summarised brief · reviewed before publication
SpaceX, the private aerospace manufacturer and space transportation company founded by Elon Musk, is reportedly in talks to raise fresh capital through the sale of new shares to insiders. According to Bloomberg, this fundraising round would value the company at around $400 billion. As part of its strategy, SpaceX plans to hold a tender offer, allowing employees to sell some of their shares to a select group of investors. This is a common practice for the company, which typically holds tender offers twice a year. SpaceX's valuation has seen a significant increase since its founding over two decades ago. In October 2021, the company broke the $100 billion valuation mark, and just three years later, it doubled that figure. The latest round would represent a major jump from the $350 billion valuation set during the tender offer held in December 2024. It is worth noting that discussions are still ongoing, and the deal, including the final price, could change. However, if successful, this fundraising round would further solidify SpaceX's position as one of the most valuable privately held companies in the world.