CEO Musk's SpaceX under Tesla, Inc. (TSLA.US) is estimated to be worth nearly $800 billion, surpassing OpenAI to regain the title of the world's most valuable private company.

Tesla, Inc. (TSLA.US) CEO Musk's rocket and satellite manufacturer SpaceX is preparing for a new internal stock sale transaction, with the latest valuation expected to soar to $750 billion to $800 billion, far exceeding its earlier valuation this year and surpassing the $500 billion record set by OpenAI in October. The details of the transaction were discussed by the SpaceX board at a meeting at the Starbase base in Texas on Thursday, but the final plan may still change depending on factors such as the interests of internal sellers and buyers, market conditions, etc. Sources also indicate that the current discussed price per share is over $400, which, if finalized, would be significantly higher than the $212 per share and $400 billion valuation level in July. If this valuation is confirmed, SpaceX will once again become the world's highest valued privately held company, regaining the record previously broken by OpenAI. SpaceX has not yet commented on this. In addition to internal stock transactions in the secondary market, SpaceX is also accelerating its preparations for going public. According to sources cited by the media, the company has informed institutional investors that its goal is to launch a full company-wide initial public offering (IPO) in the second half of next year. This is a significant acceleration compared to CFO Johnsen's statement in 2024 that the "Starlink business IPO will still take a few years". Over the years, SpaceX's management has often discussed the possibility of splitting off the satellite internet business Starlink for an IPO. However, Musk has always been cautious in his attitude, with the timing of the IPO being uncertain. The current news indicates that the company seems to lean towards IPOing the entire group, not just Starlink. Following the news of the significant jump in SpaceX's valuation, EchoStar Corporation Class A (SATS.US), which had previously reached spectrum trades with SpaceX, saw its stock price rise by 18% at one point. Last month, EchoStar Corporation Class A had just agreed to sell wireless spectrum to SpaceX for $2.6 billion, and had previously reached a spectrum sale agreement with SpaceX for about $17 billion. SpaceX is currently the most active space company in the world for launch missions, with its Falcon 9 rocket becoming the "main force" in commercial spaceflight, undertaking a large number of satellite and manned missions. Its Starlink low-earth orbit internet network has deployed more than 9,000 satellites, far ahead of other competitors including Amazon.com, Inc.'s Amazon Leo. With the accelerated development of the more powerful Starship super heavy rocket, SpaceX plans to further expand the scale of the Starlink satellite network and undertake future lunar and manned deep space missions.