Overview
- An authorized insider sale prices shares at $421, implying an approximately $800 billion valuation and nearly doubling July’s $400 billion mark.
- Chief Financial Officer Bret Johnsen told employees the company is preparing for a possible 2026 listing and plans to buy about $2.56 billion of stock at the same price, while stressing timing and valuation remain uncertain.
- Multiple reports say the offering under consideration could raise well over $25–30 billion and target a valuation around $1.5 trillion, depending on execution and market conditions.
- Elon Musk endorsed an Ars Technica analysis signaling an IPO is likely, even as he previously pushed back on some reports characterizing the company’s valuation and funding.
- The company cites proceeds for a higher Starship flight rate, space‑based AI data centers, and lunar infrastructure, with projections showing revenue of roughly $15 billion in 2025 and $22–24 billion in 2026 led by Starlink.