SpaceX is reportedly planning to raise new capital, potentially reaching a valuation of US$400 billion, according to sources cited by Bloomberg.

The company is expected to pursue this valuation through a fundraising round that includes a tender offer.

This offer will allow employees to sell shares to select investors. SpaceX typically conducts tender offers twice a year.

Founded over two decades ago, SpaceX has experienced consistent growth.

The company surpassed a US$100 billion valuation in October 2021 and doubled that figure by 2024.

This upcoming round represents a notable increase from the valuation set during its last tender offer in December 2024.

Discussions regarding the deal, including the final valuation, are ongoing and subject to change.

🔗 Source: TechCrunch

🧠 Food for thought

1️⃣ SpaceX’s valuation trajectory represents unprecedented growth for a private space venture

The company’s valuation has increased by approximately 40x in just 8-9 years, from $10 billion in 2016 to a potential $400 billion today 1.

This meteoric rise far outpaces traditional aerospace growth patterns. SpaceX’s valuation tripled between 2018 and 2021 (from $30.5 billion to over $100 billion) and has now more than tripled again in just three more years 23.

The December 2024 valuation of $350 billion already positioned SpaceX as the most valuable private company globally, surpassing ByteDance and all defense contractors 3.

This growth trajectory reflects increasing investor confidence in both SpaceX’s current revenue streams and its future market potential, particularly with Starlink’s commercial prospects.

The company has evolved from a speculative venture with an uncertain business model to a dominant force whose valuation now exceeds the combined market cap of traditional aerospace giants it once challenged.

2️⃣ SpaceX’s business model has transformed from government-dependent to commercially diversified