SpaceX to offer insider shares at record-setting valuation

Core Insights - SpaceX is preparing to sell insider shares, potentially valuing the company between $750 billion and $800 billion, surpassing OpenAI's $500 billion valuation [1][2][3] Valuation and Share Price - The share price under discussion is higher than $400, which would significantly increase SpaceX's valuation from the previous $400 billion set in July [1][3] - Preliminary scenarios for the share price could push SpaceX's value to around $560 billion or higher [2] Market Impact - News of SpaceX's valuation led to an 18% increase in shares of EchoStar Corp., which recently agreed to sell spectrum licenses to SpaceX for $2.6 billion [4] Industry Position - SpaceX is the leading company in the space industry, known for its Falcon 9 rocket and Starlink internet services, which utilize over 9,000 satellites [5] Future Plans - There have been discussions about spinning off the Starlink business into a publicly traded company, although the timeline for an IPO for the entire company is now aimed for the second half of next year [6] - A tender or secondary offering is being utilized to provide liquidity for employees and early shareholders [7]