SpaceX Aims for $800B Valuation in Share Sale as Starlink Growth Accelerates
SpaceX is targeting an $800 billion valuation in its latest share sale, doubling its previous $400 billion mark and eclipsing OpenAI’s standing. CFO Bret Johnsen disclosed the tender offer to investors, maintaining SpaceX’s bi-annual tradition—but at an unprecedented scale. Elon Musk’s cult-like investor following appears undeterred by the staggering figure, buoyed by his June announcement that revenue could hit $15.5 billion this year.
Starlink, the satellite internet division, now serves 8 million active customers across households, businesses, and airlines. With 9,000 satellites already deployed, the network’s expansion continues to drive revenue, lending credence to the valuation ambitions. Military contracts further solidify the company’s financial backbone.
