Elon Musk’s SpaceX has again raised cash from its investors. The plan has been on the table since mid-November with SpaceX reported to have offered shares at around $77 (€72.50) per share according to Bloomberg. If correct, then this would value the privately-held business at around $140 billion depending on the value of the secondary offering.

The new valuation is a significant uplift to the previous $127 billion suggested in July.

However, SpaceX has not revealed how much funding it intends to raise from the offering. The SpaceX valuation makes it one of the highest-valued private companies in the US.

SpaceX has reportedly received more than $9.8 billion from 32 financing rounds, according to data compiled by Crunchbase, as of December 14th. The most recent was a $250 million private equity round with three investors in July 2022.

Elon Musk, in one of his (many) tweets, said: “Don’t want to jinx it, but SpaceX is positioned to grow strongly, no matter what macroeconomic conditions are like.”

Other posts by Chris Forrester:

1. Virgin Galactic in stock split
2. Thuraya-3 suffers major problem
3. AST SpaceMobile hit by Class Action
4. Optimism under threat at SES
5. Rivada visits Terran Orbital’s manufacturing HQ
6. Avanti wins spectrum debt obligation case
7. SpaceX breaks records for re-use launchers
8. IRIS2 already in trouble?
9. Intelsat contemplates next steps

Categories: Blogs, Business, Inside Satellite, Satellite

Tags: elon musk, spacex, tweet, twitter