SpaceX to soon reach $250 billion valuation

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SpaceX is not listed on the stock exchange, however, its valuation can change after investment rounds or after share buybacks or sales. And precisely, according to an article from Reuters, the valuation of SpaceX could soon change, because Elon Musk's company is planning a public tender offer in December. More precisely, SpaceX is planning to sell existing shares at $135, which would value the startup at $250 billion.

Of course, caution remains in order, since no official announcement has been made yet. But in any case, this rumor is circulating as Elon Musk is about to become one of the most influential people in Washington, after the election of Donald Trump.

A valuation higher than that of OpenAI

In any case, the operation mentioned by Reuters would put SpaceX above OpenAI, the creator of ChatGPT. As a reminder, in October, OpenAI announced a fundraising of $6.6 billion, which brought its valuation to $157 billion. Recently, we also learned that ByteDance, the company that owns the social network TikTok, would have set its valuation at $300 billion, as part of a share buyback offer (when a company offers to buy back shares from its shareholders). Recently, the co-founder of ByteDance, who reportedly owns 20% of the company, reportedly became the richest person in China.

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xAI's valuation could also increase

Otherwise, as for Elon Musk, he would also be planning a deal that would increase xAI's valuation. As a reminder, xAI is an AI lab founded by Musk to counter ChatGPT. And according to a CNBC article, it plans to raise up to $6 billion, for a valuation of $50 billion.
The finalization of this investment round would be imminent. And the funds raised would be used to acquire 100,000 Nvidia chips dedicated to artificial intelligence. As a reminder, xAI has developed a competitor to ChatGPT called Grok, which is already offered to paying users of the social network X. And according to rumors, this chatbot could become free, but with limitations, on the social network. Alternatively, it is possible that Tesla could later also leverage xAI’s work to power some AI-based features.

In any case, a $50 billion valuation would position xAI as one of the giants of AI, a sector in which it competes with big tech players like Google, Meta, and Microsoft.

• A share offer would boost SpaceX’s valuation to $250 billion
• SpaceX would be better valued than OpenAI, the creator of ChatGPT
• But it would have a lower valuation than ByteDance (TikTok), whose valuation recently rose to $300 billion
• For its part, xAI, Elon Musk’s AI lab, is reportedly preparing to raise funds at a valuation of $50 billion

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