How Elon Musk’s SpaceX may soon surpass ChatGPT-maker OpenAI to become US’ most valuable private company
Elon Musk’s SpaceX is reportedly kicking off a new secondary share sale that is likely to increase the value of the rocket maker to $800 billion, a report has said, adding that if successful, this valuation will allow the space company to surpass ChatGPT-maker OpenAI and become the most valuable privately held company in the United States. Citing sources familiar with the matter, The Wall Street Journal reported that the company is looking for an IPO in 2026.The proposed $800 billion valuation represents a doubling of the $400 billion value the company achieved during a recent secondary share sale. According to the publication, SpaceX chief financial officer Bret Johnsen informed investors about the new tender offer in recent days while other executives have also indicated that the company is considering a potential IPO in 2026.
