SpaceX is considering an insider share sale that would value the company at $400 billion, surpassing its previous record of $350 billion.
The valuation would represent the largest in history from a privately-owned company in the U.S., rivaled by companies like ByteDance and OpenAI.
Key factors contributing to SpaceX's valuation include the growth of Starlink satellite internet, development of the Starship reusable rocket program, and successful payload launches for various entities.
Despite some setbacks like a recent rocket explosion, SpaceX remains active in space missions, including launching Axiom's Ax-4 astronauts to the ISS for scientific research.