SpaceX is currently going through the process of selling insider shares in Space Exploration Technologies Corp.
According to a report by Bloomberg the company is offering the shares at $77 apiece, putting the company’s valuation at around $140 billion.
Per the sources that revealed the share sale to Bloomberg, SpaceX has had discussions on a range of prices for the valuation but ended up falling on the $140 billion number.
In July, PitchBook estimated that the company was worth $127 billion, so the $140 billion is not an out-of-left-field valuation, especially when you consider the sizeable government contracts the company has with NASA.
It is a big number that makes you think that SpaceX might be closer to spinning off Starlink as a separate company then ever before.
Musk floated the idea back in June 2021 but confirmed that Starlink would need to be in a position with a more predictable cash flow.
However, SpaceX did not confirm the share price, nor if the company was selling shares to employees.
They also did not confirm if they would complete a primary funding round at this evaluation or not.