Elon Musk’s SpaceX company is worth over $100 billion. This is because investors have sold some of their shares this week.
SpaceX has decided to sell up to $755 million worth of shares for people who want to buy them. They are selling them for $560 per share. This is a lot of money! The company is not raising money at this time. This offer is a second chance to buy shares of the company.
SpaceX’s stock price has gone up by 33% since it raised $ 1.2 billion in February. It is now $ 419.99 per share, which is a lot more money than the last time SpaceX sold its shares.
With SpaceX’s new reputation, it will become one of the rarest private “centimeter corn” or “hect corn” companies in the world. More than 100 times more than a billion dollar company. According to CB Insights, Mask’s SpaceX is currently the second most valuable private company in the world, and it surpassed FinTech company Stripe after China’s company Bytedance.
Elon Musk is the CEO of SpaceX. He will sign autographs with the crew of astronauts before they go into space on September 15, 2021.
People talked to dealcage on condition of anonymity. This is because SpaceX is not a publicly traded company and the funding is private.
SpaceX raised billions of dollars and their reputation has gone up. They have two projects: Starship and Starlink.