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SpaceX plans a secondary share sale that could value the company at $800 billion, surpassing OpenAI as the most valuable private firm in the U.S. CFO Bret Johnsen informed investors about this transaction and hinted at a potential IPO in 2026. This valuation is double what the company achieved in a previous share sale.
SpaceX is set to invest $2 billion into Elon Musk's AI startup, xAI, as part of a larger equity raise. This move is aimed at helping xAI compete with industry leader OpenAI and will likely lead to further business collaborations between SpaceX and xAI.