Reported 22 days ago
SpaceX, the rocket and satellite company founded by Elon Musk, is planning to raise funds and sell insider shares, which could value the company at approximately $400 billion. This would be the highest valuation ever for a privately held U.S. company, exceeding its previous record of $350 billion. The valuation is driven by the growth of its Starlink satellite internet service, which accounts for a significant portion of its revenue, alongside advancements in its Starship rocket program.
Source: YAHOO