- Tram Ho
SpaceX is in agreement with new and existing investors to sell $755 million of stock at $560 per share. According to sources familiar with the matter, at this price, SpaceX’s valuation will reach 100.3 billion USD. The sources also said that the company is not raising new capital at the moment, but is only selling its existing shares secondary.
The stock price is up 33% from SpaceX’s final valuation of $74 billion at $419.99 per share in February when the company raised nearly $1.2 billion. The company also had a similar secondary transaction in February with an agreement for holders to sell $750 million in stock at the time.
The new valuation makes SpaceX the rare private company to receive the title of “super unicorn”. The term “centicorn” or “hectocorn” means 100 times a unicorn company ($1 billion valuation). Currently, there are only two private companies called with this moniker, including Elon Musk’s SpaceX and China’s ByteDance (TikTok’s parent company). Fintech company Stripe has been surpassed.
SpaceX’s valuation has skyrocketed over the past few years as the company has raised billions of dollars to fund money-hungry projects like Starship and Starlink. In addition, the company is also leading in the world’s aerospace sector when becoming the first private company to send people to the international space station ISS.
Starlink is a project to build an Internet network covered from space with thousands of satellites. They can provide high-speed Internet to users no matter where they are on earth. To date, SpaceX has launched 1,740 Starlink satellites and has a network of 100,000 users in 14 countries. This is a trial version with a service price of $99/month.
Meanwhile, Starship is the next-generation giant spacecraft that SpaceX is developing. It will be responsible for sending goods and people to the moon and Mars. Prototypes are being tested in southern Texas, but these flights are still very short. Getting into orbit is the next step in this process. However, SpaceX is waiting for permission from the authorities.
With the huge valuation of SpaceX, Elon Musk has gone down in history as the boss of two $100 billion companies at the same time. Musk is the founder, CEO, and chief engineer/designer of SpaceX, as well as the original investor, CEO and product architect of Tesla – the world’s No. Calculating at the closing price of the trading session on October 8, Tesla’s market capitalization is currently $ 777 billion.
Elon Musk is still directly running both these businesses. That is what makes Elon Musk special. No one knows what it’s like to run two businesses over $100 billion. They just know that maybe Musk is no ordinary person.
Famously extravagant, Elon Musk is showing the world that he is not a vain man. Tesla’s electric cars are becoming popular around the world because of their outstanding advantages that other car models have not been able to catch up with. While Jeff Bezos has just made a flight to an altitude of nearly 100km, Elon Musk has comfortably carried goods and brought astronauts to the international space station ISS. He is heading to the moon and Mars.
Years ago, when SpaceX’s reusable rocket was constantly malfunctioning and in doubt, Elon Musk said he wanted his grave to be placed on Mars. No one knows when humans will be able to reach the Red Planet, but the creation of a reusable rocket, making space flights much cheaper and more economical than before, has made many people believe. into Musk’s dream of making Mars a colony.
Source : Genk