SpaceX Seeks Funding That Could Value the Company at $350 Billion
SpaceX is exploring a potential share sale that could significantly inflate the value of Elon Musk’s space exploration company to around $350 billion.
The private company, formally known as Space Exploration Technologies Corp., is engaging in conversations to facilitate this potential funding round. If successful, this move would solidify SpaceX’s position as the most valuable privately held startup globally, eclipsing its previous estimated valuation of $255 billion, a figure reported by various media outlets just last month.
Most Read from Bloomberg
Surge in Valuation Follows Broader Gains
Before this latest estimated valuation, SpaceX was last valued at approximately $210 billion during a tender offer earlier this year.
This proposed valuation surge highlights the remarkable growth experienced by Musk’s business empire since the US presidential election. Shares of Tesla Inc., another company led by Musk, have surged by 42% since November 5th. Concurrently, Musk’s personal wealth has skyrocketed to an estimated $353 billion, according to the Bloomberg Billionaires Index.
At a $350 billion valuation, SpaceX would be on the same footing as numerous publicly traded giants, based on market capitalization.
Most Read from Bloomberg Businessweek
Tender Offering Provides Liquidity
The discussions with SpaceX are ongoing, and the specifics of the potential transaction are subject to change based on interest from both insider sellers and potential buyers.
According to unnamed sources who requested anonymity as they are not authorized to speak publicly on this matter, “The current conversations with SpaceX are ongoing and the details of a potential transaction could change depending on interest from insider sellers and buyers,”
This potential funding will be structured as a tender or secondary offering, enabling employees and early shareholders to sell shares, giving them an opportunity to realize some liquidity amid evolving ties between Musk and President-elect Donald Trump.
(Updates to include information about SpaceX’s previous valuation in second paragraph.)
What factors are driving the potential surge in SpaceX’s valuation?
## Reaching for the Stars: SpaceX Eyes $350 Billion Valuation
**Interviewer:** Welcome back to the show. Today we’re talking about the ambitious plans of SpaceX, Elon Musk’s pioneering space exploration company. Reports suggest they’re seeking new funding that could catapult their valuation to a staggering $350 billion. Joining us to discuss this is space industry analyst, Dr. Emily Carter. Dr. Carter, thanks for being here.
**Dr. Carter:** Thank you for having me.
**Interviewer:** Let’s dive right in. SpaceX is already considered one of the most valuable startups globally. What’s driving this potential surge in valuation?
**Dr. Carter:** Several factors are at play. SpaceX has consistently achieved significant milestones, from successful Starship prototypes [[1]](https://www.cnbc.com/2022/08/05/elon-musks-spacex-raises-250-million-in-equity.html) to their Dragon capsule ferrying astronauts to the International Space Station. Their Starlink satellite constellation is also expanding rapidly, promising global internet access. Investors are clearly bullish on SpaceX’s future prospects.
**Interviewer:** This potential valuation would make SpaceX even more valuable than many publicly traded companies. What does this say about the current state of the space industry?
**Dr. Carter:** It signifies a booming sector attracting significant investment. The space industry is no longer just about government agencies; private companies like SpaceX are leading the charge, driving innovation and pushing the boundaries of what’s possible.
**Interviewer:** But with great ambition comes risk. Are there any potential hurdles SpaceX might face in achieving this valuation?
**Dr. Carter:** Certainly. Development and deployment of Starship, a key component of SpaceX’s future plans, remains complex and costly. Regulatory hurdles and potential competition from other emerging space players could also pose challenges.
**Interviewer:** Dr. Carter, thank you for sharing your insights. This is certainly an exciting time for SpaceX and the space industry as a whole.
**Dr. Carter:** My pleasure. It’s a fascinating field to watch.
