SpaceX has approved an internal stock transaction that values ​​Elon Musk’s rocket and satellite maker at about $800 billion, a company filing showed.

The secondary offering will provide shareholders, including employees, with the opportunity to cash out or increase their holdings. The media previously reported that this is an early preparation for the company’s plan to conduct an initial public offering (IPO) as early as 2026.

The company also said it is preparing for a possible public listing in 2026.

SpaceX Chief Financial Officer Brett Johnson clarified in a document to shareholders that the price of the stock transaction was $421 per share. The price is nearly double the $212 per share in July, when the company was valued at $400 billion through a financing and stock sale.

The media reported earlier this week that SpaceX is advancing its IPO plan and plans to raise well over US$30 billion through this transaction, which is expected to become the largest listing transaction in history.

The company has set a target valuation of about $1.5 trillion for its overall business, which if achieved would bring its market capitalization close to the level of Saudi Aramco's record-breaking IPO in 2019.

SpaceX conducts two tender offers each year to provide shareholders, including employees, with the opportunity to cash out or increase their stock holdings. In this transaction, the fair market valuation determined by the company is an early preparation for its IPO next year.

Representatives for SpaceX did not respond to requests for comment.

As the world's most frequently launched rocket operator, SpaceX dominates the space industry with its Falcon 9 rocket, which can launch satellites and people into orbit. At the same time, SpaceX has become a leader in low-Earth orbit Internet services through the "Starlink" system - a system composed of thousands of satellites that has served millions of users.

In addition, SpaceX is developing a new "Starship" aircraft. The aircraft is promoted as the most powerful rocket in history and will be used to launch a large number of "Starlink" satellites in the future, while also undertaking the task of transporting cargo and personnel to the moon and even Mars.