SpaceX insider share sale sets $800 billion valuation, Bloomberg News reports
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FILE PHOTO: SpaceX logo and Elon Musk silhouette are seen in this illustration taken, December 19, 2022. REUTERS/Dado Ruvic/Illustration/File Photo
(Corrects typographical error in headline)
Dec 12 (Reuters) - SpaceX has authorized an insider share sale that values Elon Musk's company at about $800 billion, Bloomberg News reported on Friday.
The company is offering shares to insiders at $421 apiece, and also said it is preparing for a possible public offering in 2026, Bloomberg reported citing a company message.
SpaceX did not immediately respond to request for comment. Reuters could not immediately verify the report.
Reuters and others reported on Tuesday that SpaceX was looking to raise more than $25 billion through an IPO in 2026, a move that could boost the rocket-maker's valuation to more than $1 trillion.
Musk also hinted at a possible SpaceX IPO in a post on social media platform X earlier this week.
The California-based company ranks as the world's second most-valuable private startup after ChatGPT maker OpenAI, according to data from Crunchbase.
(Reporting by Gursimran Kaur in Bengaluru; Editing by Chris Reese and Himani Sarkar)
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