SpaceX is valued at $350 billion


SpaceX is reportedly discussing the possibility of selling insider shares, valuing the aerospace company at $350 billion.

People familiar with the matter said SpaceX is still discussing the possibility of selling insider shares with buyers and is finalizing the details. However, its $350 billion valuation is a significant increase from $210 billion earlier this year.

In June, SpaceX was rated as the most valuable aerospace company with a estimated at $210 billion. Keep in mind that SpaceX is not publicly traded. over the summer Bloomberg reported that SpaceX planned to sell insider shares at $112 per share as part of a tender offer.

A lot has changed since June. First, Elon Musk’s open support for President-elect Donald Trump has fueled the growth of his companies, including SpaceX. For example, since November 5, Tesla shares are up about 40%.

SpaceX was operating long before Trump’s victory, but its most complex and profitable projects are yet to come. It is currently developing its Starship rocket to land on the Moon and Mars. SpaceX’s Starlink satellite Internet service is also moving to the next stage. Starlink online services have has proven to be a game changer.

Starlink will now prove its mettle as a cellular provider. last month, Starlink Direct-to-Cell has received a commercial license in the US from the Federal Communications Commission.

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SpaceX is valued at $350 billion










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