Hey there, tech enthusiasts! Today, we’re diving into some stellar news about SpaceX, the rocket company with big plans and even bigger valuations.

SpaceX is aiming to gather fresh capital by issuing new shares mainly to insiders. This move could boost its valuation close to a whopping $400 billion, according to Bloomberg reports. The company plans to hold a fundraising round and a tender offer, giving employees a chance to sell some shares to select investors. Tender offers happen twice annually for SpaceX.

Since its start over twenty years ago, SpaceX’s worth has been climbing steadily. It crossed the $100 billion mark back in October 2021, and just three years later, it doubled that figure. This upcoming fundraising round could significantly surpass the $350 billion valuation from December 2024, though things are still in progress and are subject to change.

So, what does this mean? SpaceX continues to grow by raising capital, fueling ambitious space projects, and maintaining impressive valuation progress. The final details of the deal are still being worked out, but excitement is definitely in the air for space fans!