13:36, Mon, Dec 15, 2025 Updated: ADVERTISEMENT Over that time its valuation has climbed, boosted by customer gains as its internet service, Starlink, took off. In December, the company was considering a secondary share sale which valued the firm at around $800billion, American media reported. The chief financial officer told employees at the time that the new stock price of the company was $421 per share. The potential IPO comes as the company intends to deploy artificial intelligence data centers in space and continues work on uncrewed and crewed missions to Mars. Currently the firm, founded by South African-born billionaire Elon Musk, is one of the world's top rocket manufacturers. It operates more than 9,000 satellites which provide Starlink internet services across the world. SpaceX is a private company, which means it does not report its financial position. However earlier this year, Musk said he anticipated the company would generate around $15.5billion in revenue. Taking to X, the social media platform the billionaire also owns, he said the firm had been "cash flow positive for many years". Musk is currently in direct competition with fellow tech tycoon Jeff Bezos to launch data centers into space, amid an artificial intelligence race which has seen their competing space firms spending billions on the projects. Mr Musk is currently worth around $498.8billion and has been the world's richest person since 2021. He made his early fortune from PayPal and became CEO of electric car maker Tesla, helping transform it into the world's most valuable car company.