What’s Happening with SpaceX: Almost $180 Billion Net Worth as World 2nd Top Startup

SpaceX, under the visionary leadership of Elon Musk, is on the verge of achieving a remarkable milestone in the world of startups. With its valuation inching closer to a staggering $180 billion, SpaceX is set to offer insider shares at $97 each in a tender offer, according to reports from reliable sources like Bloomberg. 

This makes SpaceX the second-most valuable privately held startup globally, and its journey towards this remarkable feat is nothing short of awe-inspiring.

How SpaceX tender offer at $97 per share

Reports indicate that SpaceX has been actively engaged in discussions regarding a tender offer ranging between $500 million to $750 million. The share price was originally deliberated at approximately $95 last week, but it has since ascended, reflecting the robust investor interest in securing a stake in this preeminent space transportation company. The growing appeal of SpaceX can also be attributed to its rapidly expanding Starlink internet-from-space service.

Details surrounding the terms and the final scale of the tender offer remain subject to potential adjustments. However, it is evident that SpaceX is on a trajectory to solidify its position as a powerhouse in the space industry.

Tender offers like the one SpaceX is undertaking is commonly employed by privately held entities. They provide employees with the opportunity to realize the value of their holdings ahead of a potential initial public offering (IPO). Simultaneously, it gives investors a chance to augment their equity holdings, attracting more interest from both sides of the spectrum.

What you should know about SpaceX

In August, SpaceX reached an agreement with both new and existing investors to offer up to $750 million in stock from insiders for $81 per share in July. This valuation marked the company at approximately $140 billion. These strategic moves showcase SpaceX’s commitment to offering opportunities for employees and investors to benefit from its remarkable success.

Headquartered in Hawthorne, California, SpaceX has emerged as a juggernaut in the commercial space sector. The company achieved a monumental milestone this year with over 90 successful launches of its Falcon 9 and Falcon Heavy rockets, setting a record for a U.S. commercial launch enterprise. This remarkable achievement solidifies SpaceX’s reputation as a leader in the space exploration industry.

SpaceX’s Starlink initiative and its financial projections

Furthering its dominance in the industry, SpaceX has extended its reach into the Starlink initiative, a satellite-based internet service with over 5,000 satellites in low-Earth orbit, providing broadband connectivity to users around the world. In a significant development, SpaceX reported that Starlink surpassed 2 million active users this year.

Projections indicate that SpaceX may achieve revenues of approximately $9 billion this year across its rocket launch and Starlink divisions. The estimates foresee an impressive increase, with revenues expected to reach around $15 billion by 2024. These projections highlight the company’s sustainable growth and its potential to redefine the space industry’s landscape.