SpaceX is moving closer to a public listing, with a secondary share sale indicating a company valuation of $800 billion, according to a letter to shareholders from CFO Bret Johnsen reviewed by Reuters.
The Elon Musk-led aerospace company is preparing to go public as early as next year. The move, potentially one of the largest initial public offerings globally, is fueled by rapid growth in its Starlink satellite internet business. SpaceX plans to expand Starlink’s capabilities, including a direct-to-mobile service, while also advancing its Starship rocket program for future moon and Mars missions.
Founded in 2002, SpaceX has revolutionized the space industry with innovations such as the Falcon 9 and Falcon Heavy rockets, the first privately developed spacecraft to deliver cargo to the International Space Station, and reusable rocket technology that has significantly reduced launch costs. The company has also secured major government and commercial contracts, including launching satellites, cargo resupply missions, and crewed spaceflights.
The shareholder letter signals both investor interest and SpaceX’s efforts to position itself for public markets, reflecting the company’s ongoing momentum in commercial space and satellite internet services.