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On December 13th, Beijing time, Bloomberg disclosed that Elon Musk's SpaceX has greenlit the sale of shares by insiders, valuing the company at around a staggering $800 billion. The internal share price has been pegged at $421, marking a twofold increase from the price observed during the funding round in July of this year. SpaceX is gearing up for an initial public offering (IPO) as soon as 2026, though the precise timing, valuation, and the final decision on whether to proceed with the listing are still up in the air. Should the IPO proceed without a hitch, the proceeds will be channeled into the development of the 'Starship,' the deployment of space-based data centers, and the construction of a lunar base, along with other ambitious projects.
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