SpaceX to Offer Insider Shares at Record-Setting $800 Billion Valuation

Core Viewpoint - SpaceX is preparing to sell insider shares, potentially valuing the company at up to $800 billion, making it the world's most valuable privately held company [1][4]. Group 1: Valuation and Share Details - The share price under discussion is higher than $400 each, which would place SpaceX's valuation between $750 billion and $800 billion [3][4]. - This valuation represents a significant increase from the $212 per share set in July, when the company raised funds at a $400 billion valuation [4]. Group 2: IPO Considerations - SpaceX is exploring a possible initial public offering (IPO) as soon as late next year, with discussions ongoing among the board of directors [2]. - The details of the IPO could change based on interest from insider sellers and buyers [2]. Group 3: Market Impact and Industry Position - News of SpaceX's valuation positively impacted shares of EchoStar Corp., which rose by as much as 18% following the announcement [5]. - SpaceX is a leader in the space industry, known for its Falcon 9 rocket and its Starlink internet service, which operates with over 9,000 satellites [5][6]. - An IPO at an $800 billion valuation would position SpaceX among the 20 largest public companies, just below Tesla Inc. [7].