Musk’s SpaceX Eyes Record $800 Billion Valuation in Sale (1)

SpaceX is preparing to sell insider shares in a transaction that would value Elon Musk’s rocket and satellite maker at as much as $800 billion, people familiar with the matter said, reclaiming the title of the world’s most valuable closely held company.

SpaceX is exploring a possible initial public offering as soon as late next year, one of the people said. The details, discussed by SpaceX’s board of directors on Thursday at its Starbase hub in Texas, could change based on interest from insider sellers and buyers or other factors, said some of the people, who asked not to ...