In an ongoing secondary market share sale, billionaire Elon Musk's spacecraft engineering company SpaceX is expected to be the highest valued U.S. company, with a valuation of over USD 125 billion.

The shares, which are currently worth around USD 72, have increased in value since last October, selling at USD 56 apiece after a 10-1 split, thus valuing SpaceX at over USD 100 billion. According to external sources, no new shares were released in the secondary offering, but the management has informed investors that they might do so later this year.

SpaceX is likely to reach a valuation of USD 125 billion after the share sale, exceeding finance behemoth Stripe, which was assessed at USD 115 billion in a secondary sale. The number of shares available for purchase by the organization has not been made official.

Highly valued private corporations mainly issue secondary market shares to allow liquidity to workers and investors. It is still unclear whether Elon Musk, the founder, and CEO of SpaceX, and the person who cracked a USD 44 billion worth contract to acquire Twitter Inc, is among the sellers.

According to regulatory information, SpaceX received USD 337.4 million in December and USD 1.16 billion in equity funding last April in the capital-intensive sector.

In the rapidly expanding satellite constellation for commercial purposes, the firm competes with billionaire Richard Branson's Virgin Galactic and Amazon’s former CEO Jeff Bezos' space organization, Blue Origin.

For NASA, SpaceX has supplied various cargo parcels and humans to the International Space Station, which includes 19 rocket missions only for this year.

In other developments, a SpaceX rocket was used to launch at least 53 Starlink internet satellites on May 18th. Starlink is a broadband constellation from SpaceX, which currently includes around 2,300 satellites, according to experts.

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