SpaceX’s Valuation Shoots Past $175B in Latest Appraisal

SpaceX's $175B Valuation & Starlink IPO Plans

SpaceX, led by Elon Musk, is reportedly in talks to sell insider shares. They are aiming for a valuation exceeding $175 billion. Insiders disclosed that the discussions involved a potential private share sale ranging between $500 million and $750 million, with shares priced around $95 each.

The terms and scale of the offer are subject to adjustments based on the interest of both selling insiders and potential buyers. This move comes after SpaceX achieved a $150 billion valuation during a tender offer earlier in the year. If successful, the increased valuation would position SpaceX among the world's 75 largest companies by market capitalization, aligning it with major entities in the industry.

Currently a key player in the commercial space launch services sector, the company excels in deploying Falcon rockets. Additionally, it manages the Starlink service and offers internet coverage through a network of satellites in low-Earth orbit.

Anticipated revenues of approximately $9 billion in 2023, driven by its rocket launch and Starlink businesses, position SpaceX for continued growth. Sales are projected to reach around $15 billion by 2024. This reflects the company's expanding presence in the space exploration and satellite communication sectors.

SpaceX is considering the option of conducting an initial public offering (IPO) for Starlink, a segment of its business focused on providing space-based communication services.