Elon Musk’s SpaceX is reportedly in discussions to raise new funds and selling shares, to insiders aiming for a valuation around $400 billion, according to a Bloomberg report. If finalized, the valuation would elevate SpaceX into truly elite territory as Home Depot and Palantir. As per the report, this could position the company as the most valuable privately-owned business in the United States. This fresh new funding round is a huge jump from the $350 billion figure it commanded in December 2024, and nearly twice the $210 billion valuation it held just a year ago in mid-2023. According to Financial Times, details of the transaction were circulated to investors earlier this week, with shares priced at approximately $212 each. READ: Elon Musk’s SpaceX Starship suffers yet another catastrophic launch failure (June 19, 2025) This new round includes both a primary offering — where a limited number of new shares will be sold to raise capital — and a secondary offering that would allow employees and early backers to cash out some of their holdings. So, the dual structure not only provides fresh funds for the company’s ambitious plans but also rewards long-time supporters who’ve helped SpaceX grow into one of the most dominant forces in aerospace and satellite technology. SpaceX has been on a remarkable growth trajectory, driven largely by the success of its Starlink satellite internet network, the reliable pace of its Falcon 9 launches, and the increasing momentum behind its next-gen Starship project. With over 350 successful orbital launches under its belt and a stream of high-value contracts from NASA, the Pentagon, and commercial clients, investor confidence in the company continues to climb. However, according to a report by Space.com, the U.S. Air Force has quietly shelved a proposed hypersonic rocket cargo delivery program with SpaceX. The idea was to use commercial rockets to deliver up to 100 tons of military cargo anywhere in the world within 90 minutes. But the plan raised environmental concerns, particularly regarding possible impacts on Johnston Atoll — a tiny, uninhabited island about 860 miles southwest of Hawaii that’s recognized as a critical seabird sanctuary.