SpaceX is reportedly planning an insider share sale that may value the company at $400 billion, setting a record for privately-owned companies in the U.S. This move will include a primary fundraising round and a secondary round allowing employees and early investors to sell shares. The valuation surpasses SpaceX's previous high of $350 billion. Key factors driving this valuation include the success of the Starlink satellite internet service, which generates over half of the company’s revenue, and ongoing developments in the Starship rocket program.
The new valuation puts SpaceX at $400 billion, making it the highest-ever valuation for a privately-held company in the U.S.
SpaceX's share sale aims to raise funds primarily through new investors while allowing employees and early investors to sell their shares.
The company’s substantial revenue is driven largely by the success of Starlink, accounting for over half of its annual income.
Despite setbacks like the recent explosion of the Starship during tests, SpaceX's advancements in satellite technology continue to boost its valuation.
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