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Elon Musk’s SpaceX Reportedly Lands $100 Billion Valuation In Private Investor Transactions

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The valuation of Tesla chief Elon Musk’s private space exploration firm, SpaceX, has topped a $100 billion valuation based on a private agreement between new and existing investors, CNBC reported Friday, representing a massive spike in value bested overall by only one other private company in the world.

Key Facts

SpaceX insiders have nabbed an agreement to sell as much as $755 million in private stock for $560 per share, CNBC reported Friday, citing unnamed sources familiar with the transaction.

The deal represents a 33% premium to prices of $419.99 from a February funding round and implies a firm valuation of approximately $100.3 billion. 

The Hawthorne, Calif.-based company reportedly did not raise any additional capital with the sale.

SpaceX most recently completed an $850 million fundraising round in February to help shore up funds for its ambitious Starlink and Starship projects, landing a $74 billion valuation at the time. 

Musk—the world’s richest person with an estimated net worth of $201.5 billion—owned roughly 48% of SpaceX prior to its latest funding round, according to Forbes’ calculations. 

SpaceX did not immediately respond to Forbes‘ request for comment.

Key Background

Founded in 2002, SpaceX builds and launches rockets into space, and completed its first commercial mission for a private customer in 2013. In a note last year, Morgan Stanley analysts projected the company’s valuation could rocket to $100 billion given its “continued momentum in winning government contracts,” particularly from the National Aeronautics and Space Administration and U.S. Department of Defense. On September 15, billionaire Jared Isaacman privately chartered a SpaceX rocket to go to outer space in the first-ever orbital mission with no professional astronauts aboard. 

What To Watch For

Musk has teased plans to spin-off SpaceX’s Starlink project, a satellite broadband Internet service, and take it public. “We will probably IPO Starlink, but only several years in the future when revenue growth is smooth & predictable,” he tweeted last year. “Public market does *not* like erratic cash flow haha. I’m a huge fan of small retail investors. Will make sure they get top priority. You can hold me to it.”

Surprising Fact

According to CB Insights, only China-based TikTok owner Bytedance, with a valuation of $140 billion at its last funding round, is worth more than SpaceX’s secondary sale valuation. However, private transactions have reportedly valued the social media monolith at upwards of $400 billion. 

Further Reading

Elon Musk’s SpaceX valuation $100 billion (CNBC)

Elon Musk’s SpaceX Now Worth $74 Billion After Latest Fundraising Round: Report (Forbes)

Jeff Bezos And Elon Musk Are Now Butting Heads Over The Small Satellite Internet Business (Forbes)


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