SpaceX has opened a secondary share sale that would value the company at roughly US$800 billion, a move likely positioning it for a high-profile initial public offering next year, according to a letter to shareholders reviewed by Reuters. The letter, shared by SpaceX’s CFO Bret Johnsen, outlines the sale’s valuation basis and investor interest, underscoring the private space firm’s rapid ascent in global markets.

The share sale — a critical step toward an anticipated IPO — allows existing and new investors to transact at the agreed valuation level, hinting at strong appetite for stakes in the world’s most valuable privately held aerospace company. Analysts say the pricing reflects robust confidence in SpaceX’s long-term prospects, particularly its satellite broadband business and government space contracts.

SpaceX has become a focal point not just for space exploration but for advancing technologies with commercial potential, including broadband via Starlink and future Mars logistics. Investors looking at the secondary transactions see both growth opportunity and risk, given the company’s ambitious R&D commitments and capital intensity.

Market observers have noted that the planned IPO could be one of the largest ever in the technology and aerospace sectors, reshaping fundraising strategies for deep-tech firms and potentially setting benchmarks for private market valuations in the next decade. Some caution, however, that tech valuations remain sensitive to macroeconomic conditions and interest-rate outlooks as markets enter 2026.

With broader investor interest and high expectations, the SpaceX IPO trajectory will be watched closely by public market participants and regulators alike, as it could signal a new era of space-industry finance and public engagement.

Source: Reuters.