Elon Musk’s SpaceX Valued at $800 Billion
Digest more
SpaceX is preparing to go public next year and has opened a secondary share sale that would value the company at $800 billion, according to a letter to shareholders sent by the company's CFO Bret Johnsen and reviewed by Reuters.
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.
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.
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.
Tesla shareholders have already approved an investment by the electric-vehicle maker in Elon Musk’s xAI. Could SpaceX be next?
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.
For the 300th time this year, a rocket has lifted off for low Earth orbit. SpaceX on Thursday (Dec. 11), launched its Falcon 9 rocket carrying 29 Starlink satellites from Space Launch Complex 40 (SLC-40) at Cape Canaveral Space Force Station in Florida.