SpaceX in talks for share sale that would boost valuation to $800 billion, WSJ reports

Dec 5 (Reuters) – SpaceX is kicking off a secondary share sale that would value the rocket-maker at $800 billion, the Wall Street Journal reported on Friday, citing people familiar with the matter.

SpaceX’s finance chief, Bret Johnsen, told investors about the sale in recent days, the report said. The $800 billion valuation is double the $400 billion value it fetched in a recent secondary share sale.

The company, founded by Elon Musk, did not immediately respond to a Reuters request for comment.

(Reporting by Juby Babu in Mexico City; Editing by Alan Barona)

More From Author

AI credit concerns playing out differently in investment grade and high yield, Goldman says

Ulta Beauty lifts annual forecasts on demand for cosmetics

Live Market Pulse

The charting technology is provided by TradingView. Learn how to use theTradingView Stock Screener.