SpaceX is in talks to sell internal shares at a value exceeding $175 billion. This potential tender offer could range from $500 to $750 million. While still in discussion, shares may be priced around $95 each. This valuation surpasses SpaceX’s previous $150 billion worth, achieved earlier this summer.
This increase places SpaceX among the world’s top 75 companies in market capitalization. It aligns with major firms like T-Mobile USA, Nike, and China Mobile. SpaceX, also known as Space Exploration Technologies Corp., is a major player in commercial space launches. It serves private and government clients, including NASA.
Apart from rocket launches, SpaceX runs the Starlink internet service. This venture uses satellites in low-Earth orbit to provide global connectivity. Financially, SpaceX is thriving, with projected revenues of $9 billion in 2023, expected to grow to $15 billion by 2024. There are also talks of a Starlink IPO as early as late 2024, leveraging the growing demand for space-based communications.
Despite these developments, SpaceX hasn’t commented on the matter. The company continues to dominate the space launch market with its Falcon rockets and innovative ventures like Starlink.
