Secondary Share Sale Puts Valuation Of Elon Musk’s SpaceX At $100 billion

After a sale of shares by the current investors which was announced earlier this week, the market valuation of Elon Musk’s SpaceX crossed $100 billion, said reports quoting sources.  

According to multiple people familiar with the matter, SpaceX has reached an agreement with new and existing investors to sell up to $755 million in stock from insiders at $560 per share, bringing the company’s valuation to $100.3 billion. According to sources, the company did not raise new capital at this time, and the purchase offer is a secondary sale of existing shares.

The new share price is up 33 per cent from the company’s previous valuation of $74 billion at $419.99 per share in February, when it had raised almost $1.2 billion. In February, the company had a similar secondary transaction, with insiders selling up to $750 million of stock.

Following the company achieving the latest market valuation, it is now among the few

“centicorn” or “hectocorn” companies in the world, which are companies with a valuation of a $1 billion unicorn multiplied 100 times.

According to CB Insights, Musk’s SpaceX is now the world’s second most valuable private company, trailing only China’s Bytedance and surpassing fintech firm Stripe.

Because SpaceX is not a publicly traded company and the financing is private, the people spoke to CNBC on the condition of anonymity.

There were no comments on the issue available from SpaceX.

With SpaceX raising billions to fund its efforts of development of two capital intensive projects – Starship and Starlink, the valuation of the company has soared significantly.

Starlink is a company that has the target of developing an interconnected internet network trough thee launch and use of thousands of satellites, known in the space industry as a constellation. The network has been designed so that it is able to offer customers all over the planet high-speed internet. So far, 1,740 Starlink satellites have been launched into space by SpaceX and the company has already signed up more than 100,000 users in 14 countries who are currently taking part in a public beta. The services of the company are priced at $99 a month.

Starshipm on the other hand, is the huge, next-generation rocket that is being developed by SpaceX which is designed to ferry cargo and people on missions to the moon and Mars.

The company is putting prototypes through their paces at a facility in southern Texas, and has already completed a number of short test flights. SpaceX is awaiting regulatory approval for its next launch, so reaching orbit is the next step in the rocket’s testing.

(Adapted from


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s