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SpaceX has approved an internal share transaction that prices stock at $421 per share. The price implies a company valuation near $800 billion. The plan gives eligible shareholders a chance to sell shares without a public listing.
The company’s chief financial officer, Bret Johnsen, told shareholders that SpaceX is preparing for a possible initial public offering in 2026. He said the outcome depends on execution and market conditions. He added that timing and valuation remain uncertain.
SpaceX plans to buy up to $2.56 billion of shares from eligible shareholders at $421 per share. New and existing investors will also participate in the purchases. The structure offers liquidity while keeping the company private for now.
The program functions like a tender offer in private markets. It lets employees and early backers sell a portion of their holdings. It also helps SpaceX manage its shareholder base as it grows.
SpaceX often uses secondary transactions to support employee compensation and investor exits. This deal sets a fresh reference price for internal stock activity. It also reduces pressure for near-term sales in private markets.
Johnsen said the company is getting ready for a possible SpaceX IPO in 2026. He described the listing as optional rather than guaranteed. He framed the decision in terms of operational results and market support.
A listing would require public reporting and wider investor access. Companies also need stronger controls, audits, and disclosure processes. SpaceX can use the preparation period to align teams and systems.
Separate reports have described a larger capital target tied to the public offering. Those reports said an IPO could raise more than $25 billion. They also said the valuation could rise above $1 trillion if demand stays strong.
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SpaceX’s Starlink satellite internet business has expanded quickly, supporting the public-market case. The company has outlined plans for direct-to-mobile connectivity. That service could expand coverage and grow subscription revenue.
SpaceX also continues work on Starship, its next-generation rocket system. The company links Starship to future missions to the Moon and Mars. Stakeholders often watch test schedules, launch approvals, and reliability milestones.
Johnsen listed several uses for potential new capital. He said SpaceX wants to increase Starship’s flight rate. He also cited plans to deploy artificial intelligence data centers in space, build “Moonbase Alpha,” and fund uncrewed and crewed Mars missions. The company also aims to scale manufacturing and launch operations to match those goals. Management expects the funding strategy to support long-term space and internet projects.
