SpaceX is reportedly in talks to raise fresh capital in a move that could push its valuation to a staggering $400 billion, according to a new report from Bloomberg.
Citing sources familiar with the matter, the publication said Elon Musk’s space and satellite company plans to raise new funds by selling shares to insiders. In addition to the funding round, SpaceX also intends to hold a separate tender offer, giving employees the chance to cash out some of their shares to select outside investors. The company generally holds such tender offers twice a year.
If the deal proceeds as planned, it would mark another major leap in SpaceX’s valuation trajectory. The company was worth nearly $150 billion during a funding round in July 2023. Just over a year later, in December 2024, SpaceX’s internal tender offer pegged its valuation at around $350 billion.
A $400 billion valuation would make SpaceX the highest-valued privately held U.S. company ever, putting it in line with OpenAI and TikTok owner ByteDance. Reaching the $400 billion mark would also cement SpaceX as one of the most valuable private companies in the world, marking a massive jump from the $100 billion valuation it hit in October 2021.
That said, the deal is not finalized yet. Discussions are still ongoing, and both the valuation and final deal terms could shift, according to the report.
SpaceX’s meteoric rise has been driven by its dominance in the rocketry market, its growing Starlink satellite internet business, and the ongoing development of its next-gen Starship spacecraft. The company was also recently named one of TIME’s 100 Most Influential Companies of 2025.
Overall, SpaceX’s potential $400 billion valuation showcases the continued success and growth of the company under the leadership of Elon Musk. With its innovative technologies and groundbreaking achievements in space exploration, SpaceX continues to push boundaries and make a significant impact in the aerospace industry.