Earlier today, Bloombergreported 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.
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.
SpaceX is reportedly preparing a new secondary share sale that could value the company at an astonishing $800 billion, according to a new report from The Wall Street Journal. Citing people familiar with the matter, the report says SpaceX CFO Bret Johnsen recently informed investors about the potential transaction — one that would double the […]
Starlink is set to receive a massive $661 million in government funding as all 50 U.S. states have now submitted their final proposals for the $42.5 billion Broadband Equity, Access, and Deployment (BEAD) program. The updated total, first reported by PCMag, is more than double the roughly $300 million Starlink was slated to receive when […]
Starlink is expanding its footprint in aviation once again, this time landing a major multi-airline deal in South Korea. Korean Air has announced that it, along with fellow Hanjin Group carriers Asiana Airlines, Jin Air, Air Busan, and Air Seoul, will adopt Starlink’s high-speed satellite internet fleetwide over the next several years. “Starlink will deliver […]
