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The value of SpaceX soared to $180 billion as a result of the tender offer


December, 13 2023
watermark Economic news

According to Bloomberg News, Elon Musk's company SpaceX plans to sell its shares at a price of $97 per share as part of a tender offer. This will lead to an increase in the value of the aerospace company to $ 180 billion.


Earlier, SpaceX considered the possibility of holding a tender with a volume of $500 to $750 million at a price of about $95 per share. In this case, the company's capitalization would amount to $175 billion.


SpaceX is currently valued at $150 billion, making it one of the most expensive private companies in the world. This fact reflects the great interest of investors in participating in this California company, even despite the failure of the Starship rocket launch. Overall, there is a predominantly positive news background for SpaceX right now.


Since the beginning of the year, Elon Musk's private company has already conducted 90 successful space launches and has almost monopolized this market in the United States. Investors are betting on the further expansion of the business of Starlink, a subsidiary of the satellite Internet operator, which already has more than 2 million active users and 5,000 low-orbit communications satellites.


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Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.