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00:02SpaceX said it is preparing for a possible initial public offering in 2026
00:06and opened a secondary share sale valuing the company at $800 billion, according to Reuters.
00:13SpaceX's push toward a potential public listing is driven by rapid growth in its
00:17Starlink satellite business and progress in its Starship program supporting future Moon
00:22and Mars missions. The company approved purchases of up to $2.56 billion in shares at $421 each
00:29from eligible shareholders. CFO Brett Johnson said timing and valuation remain uncertain.
00:36He said potential IPO proceeds would be used to increase Starship flight rates,
00:40deploy AI data centers in space, build MooBase Alpha, and support missions to the Moon and Mars.
00:46Reports come as the IPO market shows signs of recovery after a multi-year slowdown.
00:51For all things money, visit Benzinga.com.
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