SpaceX is now valued at $180 billion
Based on an ongoing secondary share sale, Elon Musk’s SpaceX is valued at $180 billion.
A person familiar with the discussions said the corporation is in talks with investors about an agreement to sell insider stock in a buy offer at $97 per share. Since the purchase offer is a secondary sale of already-existing shares and is anticipated to close in January, it does not involve the raising of additional funds.
These secondary rounds are normally conducted by SpaceX twice a year to allow staff members and other shareholders of the company to sell stock. At $81 a share, SpaceX achieved a previous high of $150 billion in a secondary sale in July. This latest valuation is a 20% rise from that amount.
Because of its reliable Falcon rockets and the difficulty rivals are having in putting together functional rockets to compete, it holds a monopoly-like position in the US satellite launch business. With more than 5,000 satellites launched to date and more than two million users, SpaceX’s Starlink satellite internet business is regarded as a major economic driver for the corporation. Its enormous Starship vehicle, which is an attempt to build a next-generation reusable rocket with previously unheard-of size and power, is still progressing in flight tests.
