SpaceX is planning to raise money and sell insider shares, valuing the company at around $400 billion.
This valuation would make SpaceX the largest-ever privately held US company, surpassing its previous valuation of $350 billion.
The valuation considers factors like the success of its Starlink satellite internet unit and advancements in the Starship rocket program.
SpaceX's strategy includes a primary fundraising round to sell new shares to investors and a secondary offering for employee and early investor shares.