SpaceX IPO: Elon Musk’s company SpaceX, which makes space transportation and satellites, is preparing to sell its insider shares. With this its value will exceed 500 billion dollars. Bloomberg has given this information quoting people having knowledge of the matter.
This means that SpaceX is on track to break the record of OpenAI, which achieved a valuation of $500 billion by selling its shares, for the first time in history. Quoting sources, Bloomberg has said in its report that selling insider shares could increase the valuation of SpaceX by about $ 800 billion.
Board of Directors meeting in Texas
Some people with knowledge of the matter told the news agency that the company’s latest tender offer may change depending on the interest of insider sellers and buyers or other factors.
It is being told that the board of directors of SpaceX also discussed the details of selling insider shares on Thursday at its Starbase hub in Texas. Another person with knowledge of this matter said that the price of the SpaceX share in question is more than $ 400 per share. With this, the value of Elon Musk’s company will be between $750 billion to $800 billion, although the details may change.
Company can beat OpenAI
If everything goes well, SpaceX is on its way to becoming the world’s most valuable private company, surpassing OpenAI. The owner of ChatGPT made this record in October with a valuation of $500 billion. The figure of $400 per share is much higher than the $212 per share fixed in July, when SpaceX raised funding and sold shares at a valuation of $400 billion. However, the company has not made any official announcement regarding the deal to sell shares.
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