Core Viewpoint - SpaceX is negotiating a new round of internal share sales that could elevate its valuation to $800 billion, doubling its previous valuation of $400 billion from this summer and surpassing OpenAI's record of $500 billion, reclaiming the title of the world's most valuable private startup [1][2][6]. Valuation Surge - The latest valuation target of $800 billion indicates a remarkable growth rate, with the CFO recently informing investors about the sale plan. The valuation represents a significant increase from the $400 billion valuation achieved during the July financing round [5][6]. - There are indications that the share price for the transaction could be around $300, leading to an estimated valuation of approximately $560 billion, although this figure remains unconfirmed [5][6]. Business Growth Drivers - SpaceX's valuation surge is primarily driven by its dominance in the aerospace and communications sectors. As the highest-volume rocket launch provider globally, SpaceX leads the commercial satellite and crewed space launch markets with its Falcon 9 rocket and is developing the more powerful Starship for lunar and Martian missions [9]. - The satellite business is viewed as a key engine for driving valuation. SpaceX's Starlink division currently operates around 9,000 satellites in low Earth orbit and has over 8 million active customers, significantly outpacing competitors like Amazon. The company is also working on a satellite connectivity service for consumer mobile phones, having recently agreed to acquire spectrum blocks from satellite operator EchoStar, investing over $20 billion in cash, stock, and debt commitments [10]. IPO Plans - Alongside the internal share sale, SpaceX has clarified its IPO timeline and structure, aiming for an IPO in the second half of next year [3][12]. - Notably, there has been a significant change in the IPO structure. Previously, there were plans to spin off the Starlink satellite internet service for independent listing, but executives have now decided to pursue a unified public listing that includes both rocket launch and satellite services [13][14][15].

Core Viewpoint - SpaceX is in the process of a new internal share sale, with its valuation expected to double from $400 billion to $800 billion, surpassing OpenAI's record of $500 billion, and plans for an IPO in the second half of 2026 [1][3][4]. Valuation Increase - The latest valuation target for SpaceX indicates remarkable growth, with the CFO recently informing investors about the share sale plan, aiming for a valuation of $800 billion, which represents a doubling from the $400 billion valuation reached in July [7][10]. - Bloomberg reports that while the $800 billion figure is not independently verified, initial estimates suggest a potential trading price of around $300 per share, corresponding to an estimated valuation of approximately $560 billion [7][8]. Business Growth Drivers - The surge in SpaceX's valuation is primarily driven by its dominance in the aerospace and communications sectors, being the highest-producing rocket launch company globally [10]. - The Starlink division, with around 9,000 satellites in low Earth orbit and over 8 million active customers, is seen as a key engine for valuation growth, significantly outpacing competitors like Amazon [11]. IPO Plans - SpaceX has clarified its IPO timeline and structure while pursuing the share sale, targeting an IPO in the second half of next year [12][13]. - Notably, the company has shifted from plans to spin off Starlink for independent listing to pursuing a unified public offering that includes both rocket launches and satellite services, reflecting improved financial conditions in its rocket business [15].