SpaceX’s total valuation surpassed $100 billion USD this week, following a secondary share sale by a number of investors, according to several sources familiar with the agreement, reports CNBC.
A number of current and new investors have agreed with SpaceX to sell as much as $755 million USD in stock at $560 per share, which brings the company’s valuation to $100.3 billion USD.
This update officially makes SpaceX the second-most valuable private company in the world, following China’s Bytedance and just ahead of the financial technology company Stripe.
Since the company is not yet public, the details of the financial side of the business are private, and the sources shared information based on the need to remain anonymous.
When Will Starlink IPO? When Cash Flow Can Be Predicted ‘Reasonably Well’ Says Elon Musk https://t.co/NJqmMwV8t4
— TeslaNorth.com (@RealTeslaNorth) February 9, 2021
The news also comes just a few weeks after SpaceX announced plans to bring its Starlink internet service out of beta, with Starlink preorders surpassing 600,000 in September.
Many of SpaceX’s launch business affairs include launching hardware into orbit for the U.S. military and the Pentagon, including GPS satellites SpaceX launched for the U.S. Space Force last year.
In addition, many of SpaceX’s launches have been dedicated to the company’s orbital Starlink satellites, with the most recent Starlink satellite launch having taken place last month.
