SpaceX Corp. is reportedly gearing up for a major secondary sale that could be one of its last before going public. According to The Wall Street Journal, the upcoming offering is set to value the aerospace company at a staggering $800 billion. If the deal goes through, SpaceX would surpass OpenAI Group PBC—valued at $500 billion—as the world’s most valuable private company.
A secondary sale allows a company’s employees and early investors to sell some of their shares. SpaceX typically organizes these stock deals twice a year. Shortly before the previous secondary sale in June, Chief Executive Officer Elon Musk stated that the company was on track to end 2025 with sales of $15.5 billion.
Starlink, the company’s satellite internet service, is driving a growing portion of SpaceX’s revenue. Powered by a constellation of over 9,000 satellites orbiting a few hundred miles above Earth, Starlink delivers faster connectivity than conventional satellite internet services due to its low-earth orbit satellites. According to SpaceX, Starlink is already used by millions of consumers worldwide.
In addition to its consumer offerings, SpaceX provides Starlink for Businesses, which includes priority customer support and higher throughput. The top-tier business plan offers 2 terabytes of bandwidth per month for fixed-site deployments. Business customers use a device called the Starlink Performance to connect, featuring a larger transmitter surface area that enables better connectivity and network performance. Its ruggedized aluminum enclosure ensures durability in harsh weather conditions.
Following its $800 billion valuation in the upcoming secondary sale, SpaceX reportedly plans to pursue an initial public offering (IPO). According to The Information, the company has informed investors and financial institutions that it intends to go public in the second half of 2026. An IPO could provide SpaceX with significant capital to finance ambitious projects like Starlink and Starship.
Starship is SpaceX’s massive next-generation launch vehicle, standing 400 feet tall and powered by 33 engines. It consists of two fully reusable stages: a booster to achieve orbit and a spacecraft capable of carrying up to 150 metric tons of cargo. The reusability of both components is expected to lower operational costs compared to traditional launch vehicles.
SpaceX continues to face fierce competition from Jeff Bezos’ Blue Origin LLC, which recently completed the first successful landing of its reusable New Glenn rocket. Blue Origin is also partnering with Amazon.com Inc. to support the upcoming Project Kuiper satellite initiative. Blue Origin will launch some of the satellites that Amazon plans to deploy to compete directly with Starlink.
With a record valuation on the horizon and plans for an IPO, SpaceX is poised to maintain its leading role in the rapidly-evolving space and satellite internet industry.
https://siliconangle.com/2025/12/05/spacex-reportedly-seeking-800b-valuation-ahead-2026-ipo/
