SpaceX is selling $1 billion in shares at a $400 billion valuation

SpaceX, the private rocket company founded by Elon Musk, is about to sell $1 billion worth of shares, a move that would slap a $400 billion valuation on the company, according to Bloomberg. This tender offer will allow employees to offload their shares at $212 each, based on a document sent to investors on Tuesday. The company also plans to buy back part of those shares. This sale is the latest in a line of tender offers that keep inflating the value of SpaceX. The firm was valued at $210 billion last summer. In December, it jumped to $350 billion after Elon’s team bought back $500 million in stock from employees. This $1 billion deal now locks SpaceX into the same valuation league as ByteDance, the owner of TikTok, and way above OpenAI, which hit $300 billion earlier this year. It even pulls ahead of some of the biggest public companies in the S&P 500, like Bank of America and Procter & Gamble. Investors move forward despite Trump feud Elon’s empire, which includes Tesla, X, and xAI, has been closely linked with Donald Trump since the 2024 election put Trump back in the White House. Elon donated over $250 million to Trump’s campaign, which helped open doors to massive federal contracts. But that cozy relationship soured fast. A public spat between the two last month has raised eyebrows about whether Trump might retaliate against Elon’s companies. Despite that, the share sale shows that investors aren’t too worried about SpaceX losing federal deals or getting slammed by government retaliation. Some are even brushing off the risk of nationalization. The cash keeps flowing, and the deals keep coming. SpaceX was started in 2002 after Elon dumped $100 million from the PayPal sale into his space dream. His stated goal? Get humans to Mars by building reusable rockets and making interplanetary life possible. He’s been repeating that message for years. It still drives most of what the company is doing now, especially with the massive Starship Super Heavy rocket that’s supposed to carry people and cargo off Earth. Crane collapse triggers OSHA probe But while the company flexes valuation numbers, real-world safety problems keep piling up. On June 26, a crane collapsed at the SpaceX Starbase site in Texas, and now OSHA is officially investigating. The incident was caught on camera by Lab Padre, a YouTube channel that streams from the Starbase site 24/7. The footage went viral, especially on X, which is owned by Elon. No one from SpaceX has commented, and it’s still unclear whether anyone was hurt in the collapse. A rep for OSHA told CNBC that more info will be released after the investigation is done. This isn’t SpaceX’s first brush with workplace safety violations. Back in 2014, a worker named Simon LeBlanc died on the job. OSHA later said the company had failed to protect him from a known hazard. And just this year, Elon’s DOGE initiative, run through the Trump administration, cut OSHA’s budget and shut down 11 of its field offices, making investigations like the current one even harder to conduct. The crane incident isn’t happening in a vacuum either. It follows a series of explosions and failures tied to the Starship Super Heavy launch vehicle. Cryptopolitan Academy: Tired of market swings? Learn how DeFi can help you build steady passive income. Register Now

Source: Cryptopolitan