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Elon Musk Fires Back at Sam Altman with $800 Billion SpaceX Valuation Push

Elon Musk and Sam Altman are locked in a high-stakes valuation showdown, with Musk launching a bold counterpunch to OpenAI’s recent $500 billion valuation by aiming to push SpaceX’s worth to $800 billion. The rivalry between the two tech titans, once co-founders of OpenAI in 2015, has evolved into one of the most publicized feuds in Silicon Valley. While Musk stepped away from OpenAI in 2018 and later launched his own AI venture, xAI, he has since pursued legal action against OpenAI, accusing it of straying from its original nonprofit mission. The tension escalated further after OpenAI’s October secondary share sale, which valued the company at $500 billion—surpassing SpaceX by $100 billion and briefly placing Altman at the top of the list of the world’s most valuable private firms. Rather than accept the loss, Musk is now preparing to launch a secondary share sale at SpaceX, according to an internal memo shared with employees by multiple outlets. If completed, the sale could elevate SpaceX’s valuation to $800 billion, reclaiming the crown and asserting Musk’s dominance in the private tech space. Musk also confirmed on X that SpaceX is exploring a major initial public offering (IPO), which could be the only way OpenAI can reclaim its lead as a private company. Meanwhile, OpenAI has recently restructured its business model to enable future IPO ambitions, signaling its intent to go public down the road. Though the valuation battle may appear like spectacle for billionaires, it reflects a broader transformation in the tech landscape. Once dismissed as futuristic fantasy, fields like artificial intelligence, space exploration, robotics, and advanced defense technologies are now attracting massive investment. Startups in these domains are routinely valued in the hundreds of billions, regardless of profitability or revenue—proof that investor confidence in frontier technologies has reached unprecedented levels. SpaceX’s vision of making life multi-planetary and OpenAI’s pursuit of artificial general intelligence represent two of the most ambitious goals in modern tech. But they are now part of a wider wave of innovation where bold ideas are being backed with staggering sums, reshaping how we define value in the digital age.

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