SpaceX is moving forward with an insider share sale that values Elon Musk’s rocket and satellite maker at about $800B, setting up what could be the largest initial public offering of all time, Bloomberg’s Loren Grush and Edward Ludlow report. In a company message seen by Bloomberg on Friday, SpaceX said it’s preparing for a possible public offering in 2026 that would be aimed at funding an “insane flight rate” for its developmental Starship rocket, artificial intelligence data centers in space and a base on the moon. The per-share price of $421 in its latest secondary offering, laid out by Chief Financial Officer Bret Johnsen in the memo to shareholders, is nearly double the $212 a share set in July at a $400B valuation, the authors note.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on TSLA:
- Unusually active option classes on open December 15th
- NVDA vs. TSLA: AI Analyst Picks the Top AI Stock for 2026
- AMD Stock Jumps on Samsung Manufacturing Agreement Talk
- Tesla Super-Bull Cathie Wood Sells TSLA Shares. Is the $2,600 Bull Case Still Safe?
- ‘It’s a Defining Moment,’ Says Dan Ives as Tesla Eyes $2 Trillion Valuation