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In a bold move befitting its cosmic ambitions, SpaceX—the aerospace juggernaut founded by Elon Musk—is preparing to raise fresh capital through a private share sale that could propel its valuation to an unprecedented $400 billion, according to Bloomberg reports released Tuesday. If realized, this would mark the highest valuation ever achieved by a private U.S. company, outpacing the $350 billion benchmark it set just months ago.

The anticipated round will not only involve the sale of newly issued shares to fresh investors but also include a secondary offering, allowing early employees and insiders to cash out equity. The final per-share pricing of this secondary component will be anchored to the value set during the primary raise.

Investors Bet Big on Starlink and Starship

This towering valuation reflects investor confidence in two key pillars of SpaceX’s portfolio:

• Starlink, the rapidly expanding satellite internet constellation revolutionizing global connectivity

• Starship, the company’s next-generation rocket system aimed at deep-space exploration and Mars colonization

The excitement surrounding these ventures has positioned SpaceX as not just a private enterprise, but a cornerstone of the 21st-century space economy—a blend of NASA-grade tech and Silicon Valley speed.

“Investors see SpaceX less as a startup and more as an emerging infrastructure provider,” said a market analyst familiar with the deal. “It’s the Amazon Web Services of orbit—fast, scalable, and wildly ambitious.”

Dual-Track Offering Strategy

This upcoming round is rumored to follow a dual-track structure:

• Primary Round: SpaceX will sell new shares to institutional and accredited investors.

• Secondary Round: Simultaneously, insiders—including early employees and venture backers—will offload existing shares.

This strategy offers SpaceX liquidity for stakeholders without triggering the complications of a public listing, while also capitalizing on surging market interest in private space ventures.

Market Context: More Deals in Motion

The SpaceX announcement leads a week buzzing with major private market maneuvers:

Starbucks China Seeks Stake Buyers at $10B Valuation

Starbucks is courting suitors including KKR and Carlyle Group as it weighs selling a stake in its China division. The unit is facing increased competition from local challengers like Luckin Coffee.

Shein Files Confidentially for Hong Kong IPO

Shein, the fast-fashion e-commerce giant, has confidentially submitted paperwork to list in Hong Kong, pivoting from a stalled London IPO attempt amid regulatory hurdles tied to Xinjiang supply chain disclosures.

Octopus Energy Eyes $14B Demerger of Kraken

UK-based Octopus Energy is preparing to spin off Kraken Technologies, its proprietary software platform, in a bid to validate its $14B valuation via a demerger and partial sale.

Joe & The Juice Gears Up for U.S. IPO

Private equity firm General Atlantic is prepping Joe & The Juice for a public offering that could value the Scandinavian café chain at $2.4 billion.

Eyes on the Stars and the Market

If the rumored $400 billion valuation materializes, SpaceX will not only cement its legacy as the most valuable private startup in U.S. history—it will also send a clear message: the private space race is no longer a moonshot. It’s a market reality.

And in that reality, SpaceX is building the highway.