SpaceX Insider Sale Values Company at $400 Billion

SpaceX, led by Elon Musk, is preparing an insider share sale that would value the company at approximately $400 billion, up from $350 billion in December 2024. Shares are priced at $212 each, marking a significant increase and reflecting strong investor confidence. Starlink, SpaceX's satellite internet division, now generates more than half of the company's annual revenue and is a major driver of its valuation. The insider sale, potentially reaching $1.25 billion, allows employees and early investors to sell shares without an IPO. SpaceX is also advancing in defense projects and pushing forward with its ambitious Starship rocket program despite recent technical setbacks. The company's position as the world's most valuable private startup underscores continued optimism in the space sector amid global economic uncertainties.