Elon Musk's wealth empire is about to expand again.

SpaceX's latest move is quite explosive—the company is advancing a new round of equity transactions, targeting a valuation of $800 billion. What does that mean? Converted, that's about 5.65 trillion RMB. If this round is finalized, SpaceX will once again become the world's highest-valued unlisted company.

For context, OpenAI just reached the $500 billion mark in its October funding round last year, and ByteDance is reportedly hovering around that range as well. But what's even more impressive about SpaceX is its growth rate—the valuation was $400 billion in July, and it doubled in just half a year. The commercial space sector truly seems to burn cash, but also makes a lot of money.

SpaceX holds two trump cards: its rocket launch business and the Starlink satellite network. As of now, Starlink alone has deployed nearly 9,000 satellites in orbit, which is already a considerable scale.

Even more explosive news is coming. Insiders have revealed that SpaceX has been informing investors and financial institutions that they're aiming for an IPO in the second half of next year, and they're considering a full package listing rather than splitting the business.

If it really goes public, this would be one of the most significant tech IPOs in recent years. After all, Musk has always been lukewarm about going public, so his change in attitude is worth pondering.