SpaceX to offer insider shares at record-setting $800 billion valuation

Core Viewpoint - SpaceX is preparing to sell insider shares that could value the company at up to $800 billion, potentially reclaiming its title as the world's most valuable private company [1][3]. Group 1: Share Sale and Valuation - The board of directors discussed the share sale at SpaceX's Starbase hub, with the final details subject to change based on insider interest [2]. - The price for the insider shares is reportedly over $400 each, valuing SpaceX between $750 billion and $800 billion, although the company will not raise funds through this sale [3][5]. - The share price represents a significant increase from the $212 per share valuation set in July, when SpaceX raised funds at a $400 billion valuation [5]. Group 2: IPO Considerations - SpaceX is exploring a potential initial public offering (IPO) as early as late next year, which could place it among the largest public companies [2][8]. - If SpaceX sold 5% of the company at the $800 billion valuation, it would result in a $40 billion stock sale, making it the largest IPO in history [9]. - The company has previously considered spinning off its Starlink business into a separate publicly traded entity, although this remains uncertain [11]. Group 3: Industry Position and Impact - SpaceX is a leader in the space industry, known for its Falcon 9 rocket and Starlink internet services, which utilize over 9,000 satellites [7]. - The news of SpaceX's valuation positively impacted shares of EchoStar Corp., which recently agreed to sell spectrum licenses to SpaceX for $2.6 billion [6]. - The company operates in a unique position, able to raise funds at valuations exceeding $100 billion while delaying public offerings [8].