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:

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3. Boeing accused of technology theft
4. Analyst: Satellite DTD market worth billions
5. Bank: Rocket Lab value boosted by Virgin Orbit assets
6. Analyst: “TV Industry consolidation inevitable”
7. Intelsat: ‘Insider trading’ appeal lodged
8. ESA boss praises SpaceX
9. How Virgin Orbit lost a billion dollars

Categories: Blogs, Business, Inside Satellite, Satellite

Tags: elon musk, spacex, tweet, twitter