[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]  Benzinga [@Benzinga](/creator/twitter/Benzinga) on x 305.6K followers Created: 2025-07-09 20:59:52 UTC Elon Musk’s SpaceX is reportedly preparing an insider share sale that could push its valuation to $XXX billion, setting a new record for a privately held U.S. company. That would surpass its previous $XXX billion valuation and even eclipse Musk’s current net worth of around $XXX billion. The jump in valuation is driven largely by Starlink, SpaceX’s Low Earth Orbit satellite internet business, which now generates over half the company’s revenue. The company's progress with its Starship rocket program also plays a major role in investor interest. The share sale would involve SpaceX offering a small number of new shares to investors, then selling insider shares at the price set by that round. It’s a move that could draw heavy demand and further solidify SpaceX’s dominance in commercial space and satellite internet markets. The news comes amid rising tensions between Musk and Donald Trump. Musk has criticized Trump’s proposed tax plan, claiming it could raise the U.S. deficit by $X trillion and hurt companies like Tesla by removing the $XXXXX EV tax credit. Despite the political feud, SpaceX continues working closely with NASA, most recently on the Ax-4 mission. Musk’s growing political activity, including plans to launch his own “America Party,” could shape both his public image and the future of his companies.  XXXXX engagements  **Related Topics** [insider](/topic/insider) [spacex](/topic/spacex) [elon musk](/topic/elon-musk) [Post Link](https://x.com/Benzinga/status/1943052508873494830)
[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]
Benzinga @Benzinga on x 305.6K followers
Created: 2025-07-09 20:59:52 UTC
Elon Musk’s SpaceX is reportedly preparing an insider share sale that could push its valuation to $XXX billion, setting a new record for a privately held U.S. company. That would surpass its previous $XXX billion valuation and even eclipse Musk’s current net worth of around $XXX billion.
The jump in valuation is driven largely by Starlink, SpaceX’s Low Earth Orbit satellite internet business, which now generates over half the company’s revenue. The company's progress with its Starship rocket program also plays a major role in investor interest.
The share sale would involve SpaceX offering a small number of new shares to investors, then selling insider shares at the price set by that round. It’s a move that could draw heavy demand and further solidify SpaceX’s dominance in commercial space and satellite internet markets.
The news comes amid rising tensions between Musk and Donald Trump. Musk has criticized Trump’s proposed tax plan, claiming it could raise the U.S. deficit by $X trillion and hurt companies like Tesla by removing the $XXXXX EV tax credit.
Despite the political feud, SpaceX continues working closely with NASA, most recently on the Ax-4 mission. Musk’s growing political activity, including plans to launch his own “America Party,” could shape both his public image and the future of his companies.
XXXXX engagements
