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SpaceX is valued at $175 billion after the sale of a new block of shares

  • December 8, 2023
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According to Bloomberg, SpaceX’s market value may increase by $25 billion in a few months. SpaceX is a private company, which allows it not to sell its shares

SpaceX is valued at 5 billion after the sale of a new block of shares

According to Bloomberg, SpaceX’s market value may increase by $25 billion in a few months. SpaceX is a private company, which allows it not to sell its shares on the open stock market and not to disclose its capital structure. Now it is preparing to sell a new package of shares worth $500-750 million, the price of one security should be $95.

In the summer of this year, its market value is estimated at 150 billion dollars. After the signing of the future agreement, SpaceX will be among the 75 largest companies in the world. Thus, capitalization will reach $175 billion, which is $1 billion and $2 billion less than T-Mobile and Nike, respectively.

This year, the United States has conducted 100 space launches, 91% of which were from SpaceX. Most of the missions were carried out to launch Starlink Internet satellites into orbit. The service will enable the company to generate $9 billion in revenue by the end of 2023 and eventually stop making losses.

Source: Port Altele

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