July 9, 2025 – According to sources familiar with the matter cited by Bloomberg today, SpaceX is currently in talks about a financing round and an internal share sale plan, with the company potentially being valued at around $400 billion.
If this plan comes to fruition, it will set a new record for the highest valuation among private companies in the United States. This figure would surpass the $350 billion valuation achieved during SpaceX’s stock buyback in December 2023, putting it on par with the valuations of tech giants like ByteDance and OpenAI.
The sources revealed that SpaceX’s satellite internet division, Starlink, accounts for over 50% of the company’s annual revenue. In addition, SpaceX’s Starship project is progressing at an accelerated pace. These factors have significantly boosted the market’s confidence in the company.
It is reported that in the first phase of the plan, SpaceX intends to issue a small number of new shares to investors to raise funds, similar to its single – round financing of $850 million in 2021.
In the second phase, SpaceX will simultaneously conduct a secondary share sale, involving stocks held by employees and early investors. Employees will be permitted to sell their shares at a price of $212 per share. The company also has plans to repurchase some of its shares. The final price will be anchored to the first – round pricing, but it may be adjusted based on the intentions of buyers and sellers, a model consistent with the company’s previous buyback operations.
