The company’s strategy is to raise money via a fundraising round and separately hold a tender offer to allow employees to sell some of their shares to a select group of investors.

The sale of employee shares, known as a tender offer, would mark another large jump in SpaceX’s valuation. It was valued at $210bn in the middle of last year, but its valuation soared to $350bn in December when it carried out its most recent tender offer.

SpaceX is discussing plans to raise money and sell insider shares in a deal that would value Elon Musk’s rocket and satellite maker at around $400 billion, people familiar with the matter said.

The value of SpaceX has hit $400 billion. This has added to Elon Musk's net worth which has dropped because of problems at Tesla.

SpaceX valuation could surpass CEO Elon Musk's $395 billion net worth, in a fundraising deal driven by Starlink & rocket tech.

That would mark the largest-ever valuation for a privately held US company, surpassing SpaceX’s previous record of US$350 billion.

Elon Musk-led SpaceX is reportedly looking to raise funds by selling shares at a valuation of $400 billion. Bloomberg News reported, citing people familiar with the matter, that the lofty valuation is derived from several factors,