SpaceX, the aerospace company led by Elon Musk, has informed its employees that it will be buying insider shares in a move that values the company at approximately $800 billion. This deal comes as SpaceX gears up for a potential initial public offering (IPO) next year.
In an internal letter to staff and shareholders, Bret Johnsen, SpaceX’s Chief Financial Officer, confirmed plans to repurchase $2.56 billion worth of shares at $421 each—nearly double the previous internal share price. Johnsen also hinted at the possibility of a public offering, though the exact timing and valuation remain uncertain.
“While the timing, execution, and valuation of any potential IPO are still unclear, we believe that if we execute well and market conditions align, going public could provide substantial capital”
This insider share buyback deal and the possible IPO would solidify SpaceX’s status as one of the world’s most valuable private companies, setting the stage for a historic public offering, potentially as early as 2026.
