IPO, SpaceX
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Elon Musk’s SpaceX Valued at $800 Billion
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Rumblings of a $1.5 trillion valuation for SpaceX may be forcing investors to view currently public space companies as undervalued.
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.
SpaceX has authorized an insider share sale that values Elon Musk's company at about $800 billion, Bloomberg News reported on Friday. The company is offering shares to insiders at $421 apiece, and also said it is preparing for a possible public offering in 2026,
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.
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.
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 company is looking to raise $30 billion, which would make it the biggest IPO ever, just ahead of Saudi Aramco's in 2019.
Tesla shareholders have already approved an investment by the electric-vehicle maker in Elon Musk’s xAI. Could SpaceX be next?