Elon Musk’s SpaceX Valued at $800 Billion
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A SpaceX executive brought up the incident to encourage greater coordination between satellite operators. The Chinese launch provider, CAS Space, is trying to learn more details.
Rumblings of a $1.5 trillion valuation for SpaceX may be forcing investors to view currently public space companies as undervalued.
SpaceX has authorized 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.
SpaceX is planning to raise tens of billions of dollars through an initial public offering next year, multiple outlets have reported, and Ars can confirm. This represents a major change in thinking from the world’s leading space company and its founder, Elon Musk.
The Atlas V will be in a 551 configuration, launching 27 satellites in Amazon's seventh overall operational launch (and fourth with ULA). This would increase the constellation to 180 of the planned 3,236 total needed to be in orbit by July 2029.
Investors eyeing SpaceX's potential blockbuster IPO may need to brace themselves as CEO Elon Musk balances his risky quest to reach Mars with growing the revenue-rich Starlink satellite broadband business that would offer more reliable shareholder returns.
The 'Residential 100Mbps' plan seems to have been dropped from Starlink's US site, although it's still available for users in Australia and Canada.
Elon Musk has signaled plans to soon seek a public stock listing of SpaceX, confirming a report that links the strategic shift to a near-term need for more capital.