Get ready, Elon Musk is bringing a chance to earn money, SpaceX's IPO is coming!
Elon Musk's company SpaceX is preparing to launch a tender offer at a valuation of $800 billion (₹71.96 lakh crore). According to a Bloomberg report, this insider share sale would break the record held by OpenAI ($500 billion).
SpaceX IPO: Elon Musk, the world's richest man, is now preparing for his rocket and satellite company, SpaceX, in a move that could set new records in the global market.
According to a Bloomberg News report, SpaceX is planning a massive tender offer. If this deal goes through, the company's valuation could reach $800 billion, or approximately ₹71,96,680 crore in Indian rupees.
OpenAI's record will be broken
According to reports, SpaceX is preparing to sell insider shares. This transaction would significantly surpass the company's valuation, even that of artificial intelligence giant OpenAI. It's worth noting that OpenAI, the maker of ChatGPT, hit a record $500 billion in October , but Musk's company is now aiming to reach $800 billion.
Market experts say the shares could reach a price of $400 per share or even higher. However, some insider sales could settle for around $300 per share.
Even if the deal goes through at $300, the company would still be valued at $560 billion, a significant figure in itself. The deal is currently under negotiation.
When will SpaceX's IPO come?
According to the report, this tender offer could pave the way for an initial public offering (IPO) in early 2026. This means that SpaceX could officially enter the stock market by the end of next year or early 2026.
The company's board of directors discussed these details on Thursday at the Starbase Hub in Texas. While the final deal price is still unclear, it will depend on the interest of both buyers and sellers. One thing is clear: the company is moving rapidly towards a public listing.
EchoStar shares jumped 18%
The impact of this major news isn't limited to Musk's company, but has begun to impact other companies associated with it as well. Amid reports of SpaceX's rising valuation, shares of satellite TV and wireless company EchoStar Corp. surged, rising as much as 18%.
This is due to a recent agreement between the two companies. Just last month, EchoStar agreed to sell spectrum licenses to SpaceX for $2.6 billion. This deal will help Musk's company further strengthen its wireless services.
Disclaimer: This article is for informational purposes only and should not be construed as investment advice.