SpaceX Value Jumps Closer to $180 Billion after Insider Selling Shares

SpaceX Value Jumps Closer to $180 Billion after Insider Selling Shares: SpaceX is to sell insider shares at 97$ per share,
this offer is expected to boost SpaceX owned by the billionaire Elon Musk value to 180$ Billion
according to sources familiar with the offer.

According to “Bloomberg News” The world’s second-most valuable
is discussing an offer to sell its shares for $500 million to $750 million.


SpaceX stock price rises

What is SpaceX?
SpaceX  dominating the space industry

High sales

SpaceX stock price rises

The company’s stock jumped from $95 per share to $97,
according to people familiar with the matter
and who asked not to reveal their identity due to the confidentiality of the matter.
as a result of the rise in the value of the stock.
Investors demand to obtain a share in the leading company
in space transportation and the “Starlink” satellite Internet service. has increased.


What is SpaceX

SpaceX is a technology company for space exploration and is an American company working in space transportation.
It was founded by Elon Musk in 2002,
to reduce the costs of space transportation and the colonisation of Mars.
SpaceX launched Starlink, which is a satellite to connect the Internet.
In addition, the company has developed many vehicles, such as Dragon for space shipping.


SpaceX dominating the space industry

SpaceX, headquartered in Horton, California, dominates commercial spaceflight,
having successfully launched more than 90 Falcon 9 and Falcon Heavy rockets this year,
which according to analysts means the company dominates the spaceflight market thanks to the Phaclone 9 rocket.


High sales

Bloomberg News reported that SpaceX achieved revenues of $9 billion this year,
from rocket launches and Starlink. Revenues may reach $15 billion in 2024.

The company is considering an initial public offering for Starlink
at the end of 2024 to exploit the strong demand for satellite Internet.