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SpaceX of Elon Musk began discussions for an offer to sell internal shares with an enterprise value exceeding USD 175 billiona figure that places it above the value of companies like disney and Comcast. This valuation represents an increase over the USD 150 billion achieved in a similar offering last summer.
As indicated Bloombergthanks to its sources who asked to remain confidential, the offer in question seeks to raise between USD 500 and 750 million, with shares valued at approximately USD 95 each.
The revaluation of SpaceX consolidates the company as one of the 75 largest in the world by market capitalization, equating it with giants like T-Mobile USA Inc., Nike Inc. and China Mobile.
The company based in Hawthorne, Californiadominates the commercial space launch services market with its rockets Falcon and maintains operations such as internet service from space, starlink, supported by a growing constellation of satellites in low Earth orbit. Discussions about an initial public offering for starlink could materialize by the end of 2024, with a view to capitalizing on the robust demand for satellite communications.
Founded in 2002 by Musk, SpaceX not only aspires to be a leader in space launch, but also pursues the ambitious vision of colonizing Mars. The company carried out 69 orbital launches in the first nine months of the year, widely exceeding the 30 throws from its closest competitor, the Chinese space agency.
Despite a recent failure in the second test flight of its megarocket Starshipthe company posted profits of USD 55 million in the first quarter of 2023 with revenues of USD 1.5 billion.
starlinkthe satellite internet access component of SpaceXhas been the subject of speculation about a potential IPO next year, which Musk denied in reports last month The future strategy for SpaceX is focused on continuing to expand its dominance in the space and communications industry in the long term, he noted. Business Insider.
SpaceX, or Space Exploration Technologies Corp., was born with the goal of reducing the costs of space travel to facilitate the colonization of Mars. Since its founding, it has achieved milestones that have revolutionized the space industry:
- Falcon 1: In 2008, the company successfully launched the Falcon 1becoming the first private entity to send a liquid fuel rocket to orbit.
- SpaceX Dragon: In 2010, the so-called Dragon capsule SpaceX It became the first commercial spacecraft to reach orbit and return safely to Earth.
- Contract with NASA: The company signed a contract with NASA to deliver cargo to the International Space Station (ISS), and in 2012 it made its first supply flight.
- Rocket reuse: One of its greatest achievements has been the landing and reuse of rockets Falcon 9, which means a significant reduction in launch costs. The first successful landing occurred in 2015.
- Manned flights: In 2020, SpaceX carried out the first commercial manned flight to the ISS with the mission Demo-2ushering in a new era of human commercial spaceflight.
- Starship: The company continues developing the ship Starshipa completely reusable spacecraft, intended to transport humans to the Moon, Mars and beyond.
- Starlink Project: SpaceX It is also working on the Starlink project, which aims to create a constellation of satellites to provide broadband, low-latency internet services globally.
- Private flights and government contracts: The company has closed contracts for private flights and has also obtained important government contracts, including NASA’s Artemis program, with which it seeks to return astronauts to the Moon.
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