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Elon Musk could take SpaceX to a staggering $350 billion and make it the most valuable startup on the planet

Written by Rafaela Fabris
Published 02/12/2024 às 22:07
Elon Musk could take SpaceX to a staggering $350 billion and make it the most valuable startup on the planet
Valued at $255 billion last month, Elon Musk's SpaceX could reach $350 billion in internal negotiations, surpassing giants and consolidating its dominance in the aerospace technology market. (Image: Reproduction)

Billionaire Elon Musk's SpaceX could reach a staggering $350 billion valuation, according to people familiar with the matter. The potential valuation, being discussed in an internal stock deal, would solidify the company's position as the world's most valuable private startup.

The proposal under consideration involves a secondary offering, which would allow employees and early investors in SpaceX to sell some of their shares. Such a transaction could significantly increase the value of Elon Musk's company from its last valuation of $255 billion, which was held last month. Earlier this year, the startup was valued at $210 billion.

Talks are still ongoing, and details could change depending on buyer and seller interest, sources said. SpaceX has not publicly commented on the potential transaction, though.

Elon Musk and the Financial Drive

The possible SpaceX's valuation reflects Elon Musk's success on different fronts. Since the US presidential election, shares of another giant led by Musk, Tesla, have soared by about 42%. This growth has seen the businessman's fortune jump to $353 billion, according to the Bloomberg Billionaires Index.

With a valuation of $350 billion, SpaceX would be on par with some of the largest publicly traded companies on the planet, reinforcing the company's prominent position in the aerospace market.

Pioneering and liquidity

The deal provides a liquidity opportunity for investors in SpaceX, which remains privately held. It also highlights Elon Musk’s role in shaping the global technology and aerospace market, cementing SpaceX’s reputation as a leader in innovations ranging from reusable rockets to colonizing Mars.

If realized, the billion-dollar valuation not only reaffirms Musk's dominance, but also positions SpaceX as a powerful example of the impact of private startups on the global economic landscape.

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Rafaela Fabris

It discusses innovation, renewable energy, oil and gas. With over 1.200 articles published in CPG, it provides daily updates on opportunities in the Brazilian job market.

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