SpaceX will offer restricted shares at a record valuation

SpaceX is preparing to sell restricted shares to insiders in a transaction that would value Elon Musk's rocket and satellite manufacturer at a valuation in excess of OpenAI's record $500 billion, according to sources close to the matter.

One of the people informed about the deal said that the price of the shares under discussion is over $400 each, which would result in a valuation of SpaceX of between $750 billion and $800 billion, although the details could change.

The company's latest tender offer was discussed by the board of directors on Thursday at SpaceX headquarters in Texas. If confirmed, SpaceX could surpass the previous record of $500 billion set in October by OpenAI, owner of ChatGPT.

Preliminary scenarios included per-share prices that would push SpaceX's value to about $560 billion or more, the sources said. The details of the deal could change before it is finalised, said a third source questioned by Bloomberg.