SpaceX is planning a secondary share sale, according to an internal message to employees seen by multiple outlets, which would value the company at $800 billion, reclaiming the top spot among the world’s most valuable private companies from OpenAI.
OpenAI executed its own secondary share sale in October, valuing the company at $500 billion.
The letter to employees also says SpaceX is exploring an initial public offering to “raise a significant amount of capital,” The Wall Street Journal and other outlets reported. It would be the largest IPO in history.
“The thinking is that if we execute brilliantly and the markets cooperate, a public offering could raise a significant amount of capital,” SpaceX Chief Financial Officer Bret Johnsen told staff in the December 12 message.
Musk also hinted at an IPO earlier this week.
After journalist Eric Berger published an op-ed arguing that SpaceX is likely to go public soon, Musk replied, “as usual, Eric is accurate.”
The company is aiming to raise more than $25 billion through an initial public offering, a move that could push its valuation above $1 trillion, Reuters reported.
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