Elon Musk’s space exploration and satellite company SpaceX has reached a rare milestone for a privately held company, a $100 billion valuation. This estimated valuation has come forward as CNBC reported a new round of sales of secondary shares to new and existing investors.
According to reports, SpaceX has entered a new agreement with existing and new investors for selling $755 million worth of shares at $560 per share.
This makes SpaceX the 2nd unicorn startup company that ever reached a valuation of $100 billion. ByteDance who owns TikTok stands at #1 with a $140 billion valuation (full list on Wikipedia).
This increase in the worth of SpaceX has resulted in an unprecedented hike in Elon Musk’s net worth as well. Musk who was already at the #1 position this week, has gained a further $8.6B lead with this deal and now has a total net worth of $222 billion.
Rival space company owner and founder of Amazon Jeff Bezos is now in the 2nd position of the world’s top billionaires with a net worth of $192 billion (reported by Bloomberg Billionaires Index).
The net worth gap between Elon Musk and Bezos is now at an all-time high of $30 billion. It will be worth watching in the next few months and years if Jeff Bezos’ Blue Origin can compete with Musk’s SpaceX, otherwise, this gap might widen further.
The intense focus of Elon Musk on delivering his current and future SpaceX projects for NASA, the proliferation of Starlink satellite broadband, and the preliminary success of the Starship Program has led to investor confidence in the company.
“It might sound crazy, but I think you could IPO a Starlink on its own with a minimum valuation of $100 billion. Because you’re talking about a whole new network of internet connectivity to reach the globe,” Robert Jacobson, the founder of Space Advisors told Yahoo Finance.
The Space travel industry is still in its infancy and Jacobson and his colleagues at Space Advisors predict that it will be a trillion-dollar global industry within a decade.
With the recent surge in valuation, here’s how SpaceX compares to other US-based aerospace companies. Since all four of these competitors are publicly listed companies, we have used the Market Capitalization unit for comparison.
| Aerospace Company | Market Cap / Valuation |
|---|---|
| Honeywell (HON) | $149.7 billion |
| Boeing (BA) | $132.7 billion |
| SpaceX | $100.3 billion |
| Lockheed Martin (LMT) | $97.96 billion |
| Northrop Grumman (NOC) | $62.40 billion |
Stay tuned for future updates on Starship and SpaceX. Follow us on:
Google News | X (Twitter) | Flipboard | WhatsApp Channel | RSS (Feedly).
Great work of a dreamer.
The dreamer dies but the dream lives on into our generation and into future.
Great dreamer of our times.
The great dreamer Elon Musk
I wasn’t aware that there was a “race” going on between Musk & Bezos? Did i miss something? Or did the media simply fabricate this?
There has been a series of lawsuits from Bezos and Twitter attacks by Musk in the past few months.
Musk wow ur the next world economy. This is a one man show? Surely u need to come back South and save them.