SpaceX is expected to reach a valuation of around $400 billion in an upcoming share sale, surpassing its previous high-mark of $350 billion.
This valuation would align SpaceX with some of the world's largest publicly traded companies like Home Depot Inc. and Palantir Technologies Inc.
The company's strategy involves a primary fundraising round to sell new shares to investors and a secondary offering for employees and early shareholders to sell shares.
Factors contributing to SpaceX's high valuation include the success of its Starlink satellite internet unit and efforts to advance its Starship rocket program.