SpaceX eyes $800B valuation in share sale talks, WSJ reports

SpaceX is kicking off a secondary share sale that would value the rocket-maker at $800B, people familiar with the matter said, surpassing OpenAI to make it the most valuable U.S. private company (PRIVATE), The Wall Street Journal’s Berber Jin and Corrie Driebusch report. The company’s Chief Financial Officer Bret Johnsen told investors about the sale in recent days, the people said. The $800B valuation is double the $400B value it fetched in a recent secondary share sale, the authors note. Publicly traded companies in the space include Boeing (BA), Rocket Lab USA (RKLB), AST SpaceMobile (ASTS), Virgin Galactic (SPCE), Lockheed Martin (LMT), Northrop Grumman (NOC), and L3Harris Technologies (LHX).