TNB Tech Minute: SpaceX Plans Share Sale That Would Boost Valuation to $800 Billion

WSJ Tech News Briefing

The Wall Street Journal

News, Tech News

4.6 • 1.6K Ratings

🗓️ 5 December 2025

⏱️ 3 minutes

🔗️ Recording | iTunes | RSS

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Summary

Plus: The EU fines X $140 million over breaches of Digital Services Act. And shares of Moore Threads, a Chinese competitor to Nvidia, soars in its market debut. Julie Chang hosts. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Boardrooms love buzzwords. AI, climate, resilience. But what do they actually mean for CFOs and
0:06.1	execs trying to survive the next earnings call? That's where the pre-read comes in. Real experts and real talk.
0:11.7	Subscribe to the pre-read, presented by Workieva. Here's your afternoon TNB Tech Minute for Friday, December 5th. I'm Julie Chang for the Wall Street Journal.
0:23.7	We exclusively report that SpaceX is kicking off a secondary share sale that would value the
0:29.1	rocket maker at $800 billion. That's according to people familiar with the matter. This would make
0:35.1	it the most valuable U.S. private company surpassing OpenAI.
0:39.4	Sources say SpaceX's CFO told investors about the sale in recent days. A recent secondary
0:44.9	share sale fetched the company a valuation of just half that at $400 billion. SpaceX didn't
0:51.7	immediately respond to a request for comment.
1:07.3	Moving on to another Elon Musk company, social media platform X has been hit with a roughly $140 million fine in the European Union over alleged breaches of the block's landmark digital content law.
1:11.6	The fine marks the first ever penalty the EU has handed out under the Digital Services Act. After a year's long probe, the European Commission alleged X's blue checkmark
1:16.9	system deceives users and false foul of the rules. It also said the platform's advertising
1:22.0	transparency and data access rules were in breach of the law. Moreover, the Commission is still
1:27.1	scrutinizing X over the possible spread of illegal content.
1:30.8	X didn't immediately respond to a request for comment.
1:33.2	The commission said the company now has 60 days to propose a solution for its blue check
1:37.9	system and 90 days to address ad transparency policies.
1:42.4	And shares of Chinese AI chipmaker, More Threads, soared 425% in its
1:49.1	market debut today after raising more than $1 billion in an IPO. More Threads was founded by a former
1:55.8	NVIDIA executive, and it's looking to essentially become China's version of Nvidia.
2:06.1	More threads designs chips known as graphics processing units or GPUs for AI training.
2:10.3	Revenue more than tripled last year, but the company remained loss-making.
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