SpaceX is in talks with investors about a share sale which would value Elon Musk’s rocket maker at $800bn, leapfrogging Sam Altman’s OpenAI to become the most valuable start-up in the world.
The Starlink owner had communicated with investors in recent days to gauge interest in a share sale at double the company’s current valuation of $400bn, according to two people with knowledge of the matter.
SpaceX has held secondary share sales roughly every six months in recent years, in which existing investors and employees can sell their stakes. The deals are a way to give backers of the 23-year-old private company a chance to realise the gains on their stock holdings.
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