SpaceX Insider Share Sale Valued at $400 Billion Amid Investor Confidence
SpaceX is preparing an insider share sale at $212 per share, catapulting its valuation to $400 billion. This marks a significant leap from its $350 billion valuation in December and $210 billion just six months prior. The deal, targeting employees and insiders, involves approximately $1 billion worth of shares.
The $400 billion valuation WOULD place SpaceX among the S&P 500's most valuable companies, surpassing giants like Bank of America and Procter & Gamble. However, the mechanics of the sale have drawn scrutiny, with concerns over preferential access via special-purpose vehicles (SPVs) used by private equity players.
Investor confidence remains high, driven by SpaceX's ambitious projects like Starlink. The company's rapid valuation growth underscores its dominance as the world's most valuable private startup.