The post SpaceX overtakes OpenAI as most valuable private company with $800B share‑sale valuation appeared on BitcoinEthereumNews.com. SpaceX is now sitting at the top of the U.S. private company pyramid after launching a secondary share sale that pushes its internal valuation to $800 billion, according to The Wall Street Journal. That figure instantly knocks OpenAI down to second place and gives Elon Musk’s space and satellite giant a valuation double what it held earlier this year, which was $400 billion. Bret Johnsen, the company’s Chief Financial Officer, told investors about the deal just days ago. SpaceX, which turns 25 this year, usually does these tender offers twice annually. This is nothing new. What’s new is the size. Whether or not buyers take the full $800 billion bait remains to be seen, but Elon has built a cult following of investors who’ve kept throwing money at it no matter how high the bar gets. He even posted back in June that the Texas-based company was on track to pull in $15.5 billion in revenue for the year. That was on X, where Elon now broadcasts most of his company updates in real time. Starlink subscriber numbers climb while military ties deepen SpaceX is still launching rockets faster than anyone else, but the bigger story might be Starlink. That satellite internet business is now sitting on top of 8 million active customers, including homes, businesses, and airlines. Those satellites are padding out SpaceX’s books with real money and making the $800 billion number feel a little less crazy to backers. The company has already dropped around 9,000 satellites into low-Earth orbit to build out that global network, and they’re not done. There’s also a strong military thread running through all this. SpaceX runs launches and satellite contracts not only for NASA, but also for the Pentagon and the U.S. intelligence community. That includes secretive national security payloads and tech… The post SpaceX overtakes OpenAI as most valuable private company with $800B share‑sale valuation appeared on BitcoinEthereumNews.com. SpaceX is now sitting at the top of the U.S. private company pyramid after launching a secondary share sale that pushes its internal valuation to $800 billion, according to The Wall Street Journal. That figure instantly knocks OpenAI down to second place and gives Elon Musk’s space and satellite giant a valuation double what it held earlier this year, which was $400 billion. Bret Johnsen, the company’s Chief Financial Officer, told investors about the deal just days ago. SpaceX, which turns 25 this year, usually does these tender offers twice annually. This is nothing new. What’s new is the size. Whether or not buyers take the full $800 billion bait remains to be seen, but Elon has built a cult following of investors who’ve kept throwing money at it no matter how high the bar gets. He even posted back in June that the Texas-based company was on track to pull in $15.5 billion in revenue for the year. That was on X, where Elon now broadcasts most of his company updates in real time. Starlink subscriber numbers climb while military ties deepen SpaceX is still launching rockets faster than anyone else, but the bigger story might be Starlink. That satellite internet business is now sitting on top of 8 million active customers, including homes, businesses, and airlines. Those satellites are padding out SpaceX’s books with real money and making the $800 billion number feel a little less crazy to backers. The company has already dropped around 9,000 satellites into low-Earth orbit to build out that global network, and they’re not done. There’s also a strong military thread running through all this. SpaceX runs launches and satellite contracts not only for NASA, but also for the Pentagon and the U.S. intelligence community. That includes secretive national security payloads and tech…