SpaceX insider share sale sets $800 billion valuation as it prepares to go public: Report

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SpaceX has authorised an insider share sale that values Elon Musk‘s company at about $800 billion as the rocket-maker prepares for its initial public offering, Bloomberg News reported on Friday.

The company’s move towards a public listing, which could rank among the largest global IPOs, has been largely driven by the rapid expansion of its Starlink satellite internet business, including plans for direct-to-mobile service and progress in its Starship rocket program for moon and Mars missions.

The company is offering shares to insiders at $421 apiece,…



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SpaceX insider share sale sets $800 billion valuation as it prepares to go public: Report



SpaceX has authorised an insider share sale that values Elon Musk‘s company at about $800 billion as the rocket-maker prepares for its initial public offering, Bloomberg News reported on Friday.

The company’s move towards a public listing, which could rank among the largest global IPOs, has been largely driven by the rapid expansion of its Starlink satellite internet business, including plans for direct-to-mobile service and progress in its Starship rocket program for moon and Mars missions.

The company is offering shares to insiders at $421 apiece,…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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