SpaceX is now worth nearly $400B

Elon Musk’s SpaceX has hit a ~$400 billion valuation after a recent secondary share sale — up from ~$350B in December.

The key driver? Starlink. With around 4 million users, the satellite internet business is expected to bring in $15B in revenue in 2025.

Meanwhile, the company’s rockets — Falcon and Starship — are backed by a $22B contract pipeline from NASA and the U.S. Department of Defense.