SpaceX, a Elon Musk company specializing in rockets and satellite internet, has completed a secondary share sale that brings its valuation to $800 billion. Essa operation allows employees and investors to sell stakes, doubling the company’s value compared to previous rounds. At the same time, the company confirmed preparations for an initial public offering (IPO) in 2026, with the potential to raise more than US$30 billion.
The secondary transaction involved the purchase of up to US$2.56 billion in shares at US$421 each, according to an internal statement from CFO Bret Johnsen. The company has highlighted positive cash flow for years and periodic buybacks for liquidity.
Part of the proceeds from the future IPO should finance the development of artificial intelligence data centers in space, taking advantage of constant solar energy and natural cooling.
- Starlink, the satellite internet division, operates more than 9,000 active satellites.
- The global customer base exceeds 8 million users.
- Projected revenue for 2025 reaches US$15.5 billion, with an estimate of US$22 to 24 billion in 2026.
Record secondary sale
The secondary operation positions SpaceX as the most valuable private company in the world, surpassing rivals such as OpenAI. The price per share almost doubled compared to previous offerings.
Institutional investors and the company itself participated in the purchase, providing an exit for old shareholders. Essa practice takes place twice a year, maintaining attractiveness for talents.
The appreciation reflects the dominance in commercial launches and the accelerated growth of Starlink.
Preparations for the IPO
SpaceX began conversations with investment banks to structure the IPO. Projeções indicate fundraising higher than Saudi Aramco’s record, of US$29 billion in 2019.
The CFO emphasized that success depends on operational execution and market conditions. Bancos works with a potential valuation of up to US$1.5 trillion upon listing.
The IPO aims to accelerate investments in cutting-edge technologies, including increasing the Starship flight rate.
Data centers in space
The company plans to expand into orbital AI computing infrastructure. Satélites’s improved Starlink would serve as a base, with high-speed laser links.
These orbital installations access uninterrupted solar energy, eliminating terrestrial consumption and cooling limitations.
The project aligns with growing demands for artificial intelligence processing, positioning SpaceX on a new technological frontier.
Experts point to advantages in reduced latency and environmental sustainability compared to data centers on the ground.
Expansion of Starlink
The Starlink network has almost 11 thousand satellites launched, consolidating global leadership in low orbit connectivity.
The service serves millions of users in remote areas, including government contracts in the Estados Unidos.
At Brasil, the base reaches 600 thousand customers, contributing to diversified revenue.
Partnerships and government contracts
SpaceX maintains significant agreements with NASA and the American Departamento. Missões include astronaut transport and lunar systems development.
These contracts guarantee stable revenue, complementing the commercial launch business.
The company dominates the reusable rocket market, reducing costs and increasing mission frequency.
Growth prospects
Analysts project continued expansion, driven by innovations in propulsion and communications. The Starship, in the advanced testing phase, promises to revolutionize access to space.
Investors like Alphabet, Sequoia and Andreessen Horowitz reinforce confidence in the business model.
The combination of established services and emerging projects supports optimism for the coming years.