Dec 12 (Reuters) – SpaceX has authorized an insider share sale that values Elon Musk’s company at about $800 billion as the rocket-maker prepares for its initial public ‍offering, Bloomberg News reported on Friday.

The company’s move towards a public listing, which could rank among the largest global IPOs, has been largely driven by the rapid expansion of its Starlink satellite internet business, including plans for direct-to-mobile service and progress in ‌its Starship rocket program for moon and ‌Mars missions.

The company is offering shares to insiders at $421 apiece, and also said it is preparing for a possible IPO in 2026, Bloomberg reported, citing a company message.

The New York Times reported that Bret Johnsen, SpaceX’s chief financial officer, said in a letter to employees the

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