SpaceX is in talks to sell its shares. The deal could reportedly take the company’s value to around $350 billion, a remarkable increase considering the company sold shares at a valuation of $175 billion just a year ago.

SpaceX could reach $350 billion with the stock deal

The company’s value has been steadily rising, with a reported $210 billion in June and $255 billion last month. The sudden increase in SpaceX’s valuation is a testament to the company’s success and the increasing demand for its services.

SpaceX has made significant strides in reusable rocket technology, making space exploration and satellite launches more accessible and affordable.

The $350 billion valuation would be another major gain for Elon Musk, whose wealth has soared to record levels since Donald Trump’s last presidential election.

Elon Musk will work closely with the Trump administration as co-leader of the Department of Government Efficiency (an advisory committee also known as DOGE). The increase in valuation will further solidify SpaceX’s dominant position in the space industry.

The company has long held regular tender offers, allowing employees to sell a portion of their shares to SpaceX-approved investors. The latest deal, if it goes through, would provide significant financial gains for those employees.

It’s important to note that the $350 billion valuation is still under discussion and the final figure could change. However, the fact that SpaceX is negotiating a stock sale at such a high valuation is an indication of the company’s rapid growth.