Earlier today, Bloomberg reported SpaceX was in talks to raise funding that would value the rocket and satellite firm at over $150 billion, citing unnamed sources familiar with the matter.
The new valuation was said to be higher than the previous $125 billion valuation from earlier this year, claimed sources, which added shares being offered at $85 each.
“Investors may buy new shares in SpaceX at the same time employees sell via a private placement, or tender offer, at the same valuation,” claimed sources.
SpaceX CEO Elon Musk replied to the Bloomberg story on Twitter this afternoon with a simple, “false,” shredding the exclusive story by journalists Gillian Tan, Edward Ludlow, Katie Roof, and Giles Turner.
Back in February of this year, SpaceX saw its private common stock split 10-for-1 for the first time, taking shares down from $560 to $56 per share.
SpaceX yesterday static-fired 14 Raptor engines (out of 33) on its Super Heavy Booster 7 for the first time, slowly heading towards its first orbital flight.
Other articles in the category: SpaceX
Starlink Finally Launches 24/7 Live Phone Support
SpaceX is quietly addressing one of the biggest complaints about Starlink: customer support. According to a report from PCMag, Starlink’s once-limited customer service hotline has now expanded to 24/7 support. The company has also broadened phone-based assistance beyond the U.S. and Canada to include Australia and New Zealand. For years, Starlink primarily handled issues through […]
Southwest to Offer Free Starlink Wi-Fi on 300+ Jets
Southwest Airlines is officially bringing Starlink Wi-Fi to the skies. In a press release this week, Southwest Airlines announced it will begin installing SpaceX’s Starlink across its fleet, delivering next-generation, low-Earth orbit satellite internet to passengers across its network of 11 countries. The first Starlink-equipped Southwest aircraft will enter service this summer, with more than […]
Starlink’s Secret $50 Credit Effectively Offers a Free Month
SpaceX is quietly rolling out a new promotion for Starlink — and if you were already considering signing up, this one might be worth a look. The company has begun mailing promotional postcards to prospective customers offering a $50 service credit for new Residential subscribers. Several users on X have confirmed receiving the mailer, which […]
