In the morning news on May 18, Beijing time, according to reports, people familiar with the matter told the media that billionaire Musk’s SpaceX valued at $125 billion in secondary market share salewill become America’s most valuable startup.
In October last year, SpaceX had a 10:1 stock split, selling it at $56 per share,The rocket company was valued at $100 billion at the time. At around $72, the company’s valuation has also jumped from last October.
No new shares have been issued in the secondary offering, but the company has hinted to investors that new shares may be issued in the second half of this year, one of the sources said on condition of anonymity.
The stock sale could value SpaceX at $125 billion,Overtaking fintech giant Stripethe latter was estimated at $115 billion in the secondary offering.
It is unclear how many shares of the company are available for sale. It is common practice for higher-valued private companies to issue shares in the secondary market to introduce liquidity to early investors and employees.
According to media reports, the company’s CEO Elon Musk holds a 44% stake in SpaceX and signed an agreement to buy Twitter for $44 billion. Musk is also the CEO of Tesla Inc. It is unclear whether Musk is among the stock sellers.
SpaceX has yet to comment.
Regulatory filings show that in capital-intensive industries,SpaceX raised $337.4 million in Decemberwhich raised $1.16 billion in equity financing last April.
In the burgeoning field of commercial rocket investing, SpaceX joins former Amazon CEO Jeff Bezos’ space company Blue Origin and billionaire Richard Branson’s Virgin Galactic Compete.
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