SpaceX’s valuation has reportedly jumped ~$100 billion in about four weeks
An internal share sale could see Musk’s rocket-launching co. valued at $350 billion.
Lift off… and off… and off again
In mid-October, SpaceX successfully “caught” its Super Heavy, 230-foot-tall rocket booster with a pair of giant metal “chopsticks” — an achievement that could have dramatic implications for the economics of space flight. Roughly three weeks later, Donald Trump, heavily backed by SpaceX CEO Elon Musk, won the presidential election.
Both events seem to have been good for SpaceX shareholders, as the company is reportedly looking at selling shares internally that could value it at $350 billion, just one month after Bloomberg reported that it was considering a similar tender offer at $255 billion.
The latest $350 billion figure would make it the most valuable startup in the world, ahead of TikTok owner Bytedance’s $300 billion valuation, The Wall Street Journal reported.
While SpaceX, or Space Exploration Technologies Corp., is yet to comment on the reported valuation record, it would cap off a pretty remarkable few months for Musk’s various businesses. For instance, X (née Twitter) has recently regained some of the dollar value shed since 2022, while Tesla shares have rallied strongly in the wake of Trump’s election win, up more than 40%.
As the mythically tinged name suggests, “unicorns” — private companies that manage to defy the terrifying statistics about failure rates of new businesses to reach $1 billion valuations — are a rare breed. Adding ~$100 billion to your startup’s valuation in a month? That’s unheard of.
