According to reports, Tesla's subsidiary SpaceX is planning to sell stocks to internal personnel, which has increased the company's valuation to $175 billion.
SpaceX, a subsidiary of Tesla, plans to sell shares to insiders, raising the company's valuation to $175 billion. The company is considering selling shares at a price of about $95 per share, surpassing the valuation of $150 billion earlier this summer. SpaceX dominates the commercial space launch services market, providing payload transportation through its Falcon rockets and Space Internet Starlink services. It is estimated that SpaceX's rocket launch and Starlink business revenue will reach approximately $9 billion by 2024. In addition, the company is also discussing plans to conduct its initial public offering (IPO) later in 2024.
Zhitong App has learned from informed sources that Elon Musk's SpaceX is discussing the sale of insider stocks, with a valuation of $175 billion or higher.
According to insiders, SpaceX is discussing a potential acquisition offer between $500 million and $750 million, considering selling stocks at a price of approximately $95 per share. The terms and scale of the acquisition offer may vary depending on the interest of internal sellers and buyers.
With a valuation of $175 billion, SpaceX surpasses the $150 billion valuation it received in a previous acquisition offer this summer. This valuation would make SpaceX one of the top 75 companies in terms of market capitalization, on par with companies like T-Mobile US and Nike.
SpaceX dominates the commercial space launch services market with its Falcon rockets. The company also delivers payloads for private sector clients, as well as the National Aeronautics and Space Administration (NASA) and other government agencies. Additionally, SpaceX operates the Starlink service, which consists of a large number of low Earth orbit satellites for space-based internet connectivity.
Reports from last month indicated that SpaceX's revenue from rocket launches and Starlink business is expected to reach around $9 billion this year, and is projected to increase to approximately $15 billion by 2024. The company is also discussing the possibility of an initial public offering (IPO) for its Starlink division as early as late 2024, taking advantage of the strong demand for space communications in the market.