SpaceX is reportedly pursuing a secondary stock sale that could value the company at $800 billion, according to The Wall Street Journal. This move would enable existing shareholders to sell shares to new investors, separate from an initial public offering. The valuation underscores strong investor confidence in SpaceX's future, particularly its Starlink and Starship initiatives.
In a related development, SpaceX has transferred its Bitcoin holdings to a new wallet, though the reasons for this remain unclear. While the Bitcoin activity has fueled speculation about the company's strategy, no direct connection to the stock sale has been confirmed.
SpaceX Targets $800 Billion Valuation in Secondary Stock Sale
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