Billionaire Elon Musk ‘s SpaceX crosses the $ 100 billion mark, the second richest on the planet

SPACEX – THE WORLD’S rarest billion dollar unicorn

Billionaire technology entrepreneur Elon Musk has just received good news. The valuation of his SpaceX space exploration ’empire’ is said to have skyrocketed to more than $100 billion following a secondary share sale last week, NDTV reported.

With a new valuation of $100.3 billion, up from $74 billion in February 2021, it means SpaceX has achieved the rare status of a private company on a global scale: billions of dollars* (100 times, now).

[Billion Dollar Unicorn – Unicorn, or US$1 billion Unicorn, is the financial world’s way of calling a private startup company worth more than $1 billion in the United States. With a new valuation – $ 100 billion, SpaceX was named the rare Hectocorn in the world] – CNBC information.

SpaceX headquarters in California, USA.

SpaceX investors sold as much as $755 million in private shares at $560 a share, CNBC reported. With this leap, SpaceX is now the world’s 2nd most valuable private company ( world runner-up), just behind Bytedance ( TikTok’s parent company) – valued at $140 billion, according to the latest information from CB Insights .

“SpaceX has agreements with new and existing investors to sell up to $755 million in shares from insiders at $560 per share – increasing the company’s valuation to $100,” the CNBC report said. ,3 billion USD”.

Founded in 2002, California-based SpaceX is best known for its series of missions to launch satellites into orbit and transport astronauts to and from the International Space Station (ISS). It recently sent an all-civilian spacecraft into orbit, and after spending three days in zero gravity, the crew returned safely to Earth.

SpaceX CEO Elon Musk (centre) poses for a photo with the Inspiration4 crew before launching into Earth’s orbit on September 15, 2021. Photo: John Kraus / Inspiration4

And yet, America’s “terrible” space rockets such as Falcon 9, Falcon Heavy…; Crew Dragon spacecraft.

The billion-dollar empire of the ‘Mars-crazy billionaire’ Elon Musk is working on 2 other remarkable super projects:

– Launching the Starlink satellite into low Earth orbit (LEO) to provide high-speed Internet connectivity to even the most remote areas of the planet; SpaceX has launched 1,740 Starlink satellites to date, and its network of more than 100,000 users in 14 countries is participating in the public beta, with the service costing $99 a month.

– Super rocket Starship , aimed at sending humans to the surface of the Moon, Mars, and deep space. Launched in 2019, the Starlink project has started beta testing with 100,000 users. As of August 2021, the assembly of the Starship rocket has been completed. The company SpaceX is testing prototypes at a facility in southern Texas and has made several short test flights.

ELON MUSK & THE LOUD OF STARS OF STARS

” I want to see a factory before I die ” – That is the latest sharing of technology billionaire Elon Musk when talking about building Tesla factories on Mars in the next 40 years.

During Tesla’s shareholder meeting in Austin, Texas, USA last week, the 50-year-old billionaire voiced the idea of ​​an “alien factory” – a car factory – that may not happen in the future. near future, but it was a possibility in his life.

Currently, Tesla has 4 manufacturing facilities on Earth – including: Fremont, California; Sparks, Nevada; Buffalo, New York State (solar focus) and in Shanghai, China. Testla is in the process of building two other manufacturing facilities in Germany and in Austin, Texas.

Billionaire Elon Musk is considered the “most Martian billionaire” in the world. Photo: Kimi Talvitie; NASA; Mark Brake/Getty Images; Samantha Lee/Business Insider

In February 2021, Elon Musk revealed an ambitious plan to send humans to Mars by 2026. It can be said that Starship is Elon Musk’s lever, helping him realize his ambition of ‘colonization’. Mars’ in the future.

The company’s valuation has skyrocketed over the past few years as SpaceX has raised billions of dollars to fund two capital-intensive projects: Starship and Starlink.

This spike in SpaceX’s valuation is entirely within the sights of Elon Musk, who owns a series of companies such as electric car company Tesla – which has had a very successful operation in the past year. All these successful projects have made billionaire Elon Musk one of the richest people in the world.

Elon Musk recently tweeted that he wants to get into aviation by building electric supersonic jets.

Articles using sources: NDTV, CNBC, DM