Reported about 19 hours 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