SpaceX Rockets to $400B Valuation with $1B Share Sale—Elon’s Empire Expands Again
SpaceX just fired up its financial engines—announcing a $1 billion share sale at a staggering $400 billion valuation. That's not a typo: four hundred billion. Elon Musk's space juggernaut is now worth more than most countries' GDPs.
Why this matters:
- Another galactic capital raise for SpaceX, proving private markets still throw money at shiny objects (literally, in this case—those Falcon rockets gleam).
- The $400B price tag makes SpaceX the most valuable private company... ever. Sorry, VC darlings—turns out real hardware beats SaaS in the long game.
One cynical footnote: At these valuations, even Mars colonization starts looking like a viable ROI play. Maybe those 'space bonds' weren't so crazy after all—just ask the bagholders of 2025's SPAC-pocalypse.
Investors move forward despite Trump feud
Elon’s empire, which includes Tesla, X, and xAI, has been closely linked with Donald TRUMP since the 2024 election put Trump back in the White House. Elon donated over $250 million to Trump’s campaign, which helped open doors to massive federal contracts. But that cozy relationship soured fast. A public spat between the two last month has raised eyebrows about whether Trump might retaliate against Elon’s companies.
Despite that, the share sale shows that investors aren’t too worried about SpaceX losing federal deals or getting slammed by government retaliation. Some are even brushing off the risk of nationalization. The cash keeps flowing, and the deals keep coming.
SpaceX was started in 2002 after Elon dumped $100 million from the PayPal sale into his space dream. His stated goal? Get humans to Mars by building reusable rockets and making interplanetary life possible. He’s been repeating that message for years. It still drives most of what the company is doing now, especially with the massive Starship Super Heavy rocket that’s supposed to carry people and cargo off Earth.
Crane collapse triggers OSHA probe
But while the company flexes valuation numbers, real-world safety problems keep piling up. On June 26, a crane collapsed at the SpaceX Starbase site in Texas, and now OSHA is officially investigating. The incident was caught on camera by Lab Padre, a YouTube channel that streams from the Starbase site 24/7.
The footage went viral, especially on X, which is owned by Elon. No one from SpaceX has commented, and it’s still unclear whether anyone was hurt in the collapse.
A rep for OSHA told CNBC that more info will be released after the investigation is done. This isn’t SpaceX’s first brush with workplace safety violations. Back in 2014, a worker named Simon LeBlanc died on the job. OSHA later said the company had failed to protect him from a known hazard.
And just this year, Elon’s Doge initiative, run through the Trump administration, cut OSHA’s budget and shut down 11 of its field offices, making investigations like the current one even harder to conduct.
The crane incident isn’t happening in a vacuum either. It follows a series of explosions and failures tied to the Starship Super Heavy launch vehicle.
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