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SpaceX Valuation Soars to $150 Billion, Elon Musk Becomes Billionaire

Company valuation SpaceX billionaire Elon Musk has grown to $150 billion.

Elon Musk’s SpaceX valuation has risen, less than a few months after the preview, to $150 billion.

About it writes Bloomberg.

This round was not public – it was a sale of employees’ shares to exercise their options. Shares can sell for $81 a share for a total of $750 million.

The company’s valuation will rise to $150 billion, while in January 2023 it raised $750 million to $137 billion.

The agency notes that SpaceX now has about $5 billion in its accounts. The company has permanent orders and new contracts with NASA and other structures.

The company’s biggest expenses are investments in the new Starship and the Starlink satellite internet project.

Previously it was reported that The U.S. Department of Defense awarded a contract to purchase from SpaceX Starlink terminals for the defenders of Ukraine.

2023-06-26 07:33:00
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