SpaceX's IPO: Get ready, Elon Musk is bringing a new investment opportunity: SpaceX's IPO is coming soon!
SpaceX IPO: The world's richest man, Elon Musk, is now preparing for a move with his rocket and satellite company, SpaceX, 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 to be Broken
According to the report, SpaceX is preparing to sell insider shares (shares held by company insiders). This transaction would push the company's valuation far beyond that of artificial intelligence giant OpenAI. Notably, OpenAI, the creator of ChatGPT, set a record of $500 billion in October, but Musk's company is now aiming for the $800 billion mark.
Market experts say that the share price could be $400 per share or even higher. However, some insider sales might settle around $300 per share. Even if the deal is done at $300, the company's value would still be $560 billion, which is a staggering figure in itself. This deal is currently in the negotiation phase.
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 the beginning of 2026.
On Thursday, the company's board of directors discussed these details at the Starbase hub in Texas. However, it is not yet certain at what price the final deal will be struck, as it will depend on the interests of buyers and sellers. But one thing is clear: the company is rapidly moving towards a public listing.
EchoStar shares surge 18%
The impact of this major news is not limited to Musk's company alone, but is also starting to be seen in other related companies. Amidst reports of SpaceX's increased valuation, shares of satellite TV and wireless company EchoStar Corp. saw a massive surge, climbing by 18%.
The reason behind this is a recent agreement between the two companies. Last month, EchoStar agreed to sell spectrum licenses to SpaceX for $2.6 billion. This deal will help Musk's company strengthen its wireless services.
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