Recent secondary market transactions have established ByteDance valuations between $550 billion and $605 billion as of mid-October 2026, with share auctions and tender offers reflecting strong trader demand amid resolved U.S. TikTok uncertainties. These levels represent a sharp rebound from earlier 2025 figures near $330 billion, supported by resilient revenue growth in short-video platforms and elevated capital spending plans up to $70 billion. Market-implied odds for hitting or exceeding key thresholds by year-end incorporate forward-looking factors such as potential Hong Kong or domestic listings, though no IPO timeline has been confirmed. Key upcoming catalysts include further secondary sales and any Q4 earnings updates that could influence private share pricing benchmarks.