SpaceX's Valuation Soars to $180 Billion, Surpassing Defense Contractors and Telecom Giants
SpaceX's valuation has increased to $180 billion based on an ongoing secondary share sale, confirmed on Wednesday. The company is discussing an agreement to sell existing shares to investors at $97 per share, expected to close in January. This values the company 20% higher than its previous $150 billion valuation from a July secondary share sale at $81 per share. At $180 billion, SpaceX's valuation exceeds prominent American defense contractors like Boeing, Lockheed Martin, and Northrop Grumman, as well as telecom giants like Verizon and AT&T. SpaceX dominates US satellite launches with its Falcon rockets and provides satellite internet to over 2 million Starlink subscribers.
Category
đź—ž
NewsTranscript
00:00 It's Benzinga and here's what's on the block.
00:03 SpaceX's valuation has increased to $180 billion based on an ongoing secondary share sale confirmed
00:08 on Wednesday.
00:09 The company is discussing an agreement to sell existing shares to investors at $97 a
00:13 share, expected to close in January.
00:15 This values the company 20% higher than its previous $150 billion valuation from a July
00:20 secondary share sale at $81 a share.
00:23 At $180 billion, SpaceX's valuation exceeds prominent American defense contractors like
00:28 Boeing, Lockheed Martin, and Northrop Gunman, as well as telecom giants like Verizon and
00:32 AT&T.
00:33 SpaceX dominates U.S. satellite launches with its Falcon rockets and provides satellite
00:38 internet to over 2 million Starlink subscribers.
00:40 For all things money, visit Benzinga.com.
00:42 [BLANK_AUDIO]