SpaceX valuation to hit around $400 billion in share sale

SpaceX is discussing plans to raise money and sell insider shares in a deal that would value Elon Musk’s rocket and satellite maker at around $400 billion, people familiar with the matter said.

That would mark the largest-ever valuation for a privately held US company, surpassing SpaceX’s previous record of $350 billion from its share buyback in December and rivaling the values of TikTok owner ByteDance and OpenAI.

A representative for SpaceX, formally known as Space Exploration Technologies Corp., didn’t immediately respond to a request for comment.