SpaceX Nears $400B Valuation With New Fundraising

SpaceX is in advanced talks to raise capital through a funding round expected to value the company at $400 billion, potentially making it the world's most valuable privately-held company. The valuation increase is driven by Starlink broadband service, which now generates over half of SpaceX's revenue, and the ongoing success of reusable rocket programs like Falcon 9 and Starship. The round will likely combine primary investments with a secondary share sale, allowing early investors and insiders to sell shares without indicating any imminent IPO. SpaceX's strong revenue is further reinforced by lucrative contracts with NASA, the US Department of Defense, and various commercial clients. The company, however, faces growing competition in the satellite market and regulatory challenges. Elon Musk remains at the helm as SpaceX navigates public political disputes and policy shifts that may impact his broader business interests.