Elon Musk’s space company has been in the news in recent weeks SpaceX It was reported that he was meeting with investors for a new stock sale program. It was reported that if this agreement is reached, the value of the company will increase significantly.

Now this agreement has officially taken place. The value of the company, which does not yet have a competitor in the field of space vehicles, is now Much more than giants like Coca-Cola and McDonalds.

Reached a valuation of $350 billion

Valuation of the company after the share sale agreement up to $350 billion He managed to get this far. this too About 67% as of June 2024 means increase. Going back even further, we look at the $175 billion announced in December 2023 increased by 100% in the past year we see.

We know that SpaceX is on a completely different level with its spacecraft and rockets, especially Falcon 9. They perform a lot of flights. It is also testing a revolutionary vehicle like Starship, which could one day take humanity to Mars. In addition, there are also services such as satellite internet Starlink. The fact that it has been so successful indicates that it is not surprising that its valuation has increased.

Elon Musk also had his part in this situation. So much so that the net worth of the famous entrepreneur, who is by far the richest person in the world, has increased. According to Forbes $375 billion He managed to reach the area. In Bloomberg’s Billionaires Index 400 billion dollars exceeded.

We can also say that SpaceX has many more active days ahead. Elon Musk is a name known for his close relationship with newly elected US President Donald Trump. He is even described as his “right-hand man”. This shows that SpaceX can free itself from all the regulatory burdens and obstacles it previously faced and do whatever it wants.