SpaceX's Valuation Soars to $350 Billion

Foreks - CNBC has confirmed that Elon Musk's SpaceX has reached a valuation of $350 billion based on a secondary stock sale. According to offer copies obtained by CNBC, SpaceX and investors have agreed to a $1.25 billion insider stock purchase at $185 per share. Since the purchase proposal represents a secondary sale of existing shares, the round does not include new capital fundraising.

Notably, as part of the offer, SpaceX plans to buy back up to $500 million in common stock, demonstrating the financial strength of the private company through a rare stock repurchase. The company routinely conducts these secondary rounds—approximately twice a year—to give employees and other shareholders the opportunity to sell their shares. The latest valuation represents a 67% increase from SpaceX's previous peak valuation of $210 billion achieved during a secondary stock sale in June.

SpaceX's rising valuation comes as the company continues to strengthen its dominant position in the space industry, while Musk becomes a prominent figure in the next presidential administration. As competitors struggle to produce operational rockets, the company holds a near-monopoly in the U.S. satellite launch market, led by the Falcon rockets.