SpaceX owner and Tesla CEO Elon Musk attended the Axel Springer Prize ceremony held in Berlin on December 1, 2020. Hannibal Hanschke—Getty Images
Elon Musk’s X may be in the doldrums, but another company owned by the billionaire is on the verge of reaching dizzying heights. According to Bloomberg, Musk is in talks to sell his shares in SpaceX, which is valued at more than $175 billion, for between $500 million and $750 million. report Wednesday, citing anonymous sources. The numbers mean the private space giant, which has not yet announced plans to go public, is valued at more than any initial public offering in U.S. history, surpassing Alibaba’s 2014 IPO valuation of $169 billion. Exceeds.
SpaceX’s latest civilian market evaluation is also available. significant increase That’s more than the $150 billion valuation the company enjoyed in July, when new and existing investors bought $750 million in stock. And that would put SpaceX at a higher valuation than U.S. giants like Disney, which has a market cap of $170 billion, and Comcast, which has a market cap of more than $171 billion.
This is in stark contrast to the plummeting value of another of Musk’s assets, X (formerly Twitter), since he took it private a year ago. Insider reports say X employees were offered stock in October at a valuation of $19 billion, but other calculations say X’s value could drop to as low as $4 billion. .
The terms and size of SpaceX’s tender offer are subject to change.And SpaceX didn’t respond immediately. luck’Request for Comments on the Latest Private Market Assessment.
Elon Musk’s SpaceX is expected to bring in $9 billion in revenue in 2023, rising to about $15 billion next year, Bloomberg reported. report last month. The company has a dominant position in the space transportation market. 64% The number of commercial rocket launches to send satellites, scientific instruments, and other payloads into Earth orbit in the first six months of this year.
As Musk looks to gain market share in both the space transportation and satellite markets, he has assembled a deep pool of industry talent at SpaceX, including a former lead NASA engineer and an Apple product designer. It is. Revenue for Starlink, SpaceX’s satellite business that wants to provide internet service to 60 countries with a focus on hard-to-reach areas, rose from $222 million in 2021 to $1.4 billion last year. It increased rapidly. wall street journal report During September.
An impressive performance led to rumor Last month, it was reported that SpaceX could spin off Starlink and IPO as early as late 2024. However, Mr. Musk responded to those reports by saying,error” Billionaire Tesla and SpaceX investor Ron Baron said he didn’t expect Starlink. Public recruitment Until 2027.
