SpaceX, IPO
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SpaceX is planning to raise tens of billions of dollars through an initial public offering next year, multiple outlets have reported, and Ars can confirm. This represents a major change in thinking from the world’s leading space company and its founder, Elon Musk.
A sale of insider shares at $421 a share would make Mr. Musk’s rocket company the most valuable private company in the world, as it readies for a possible initial public offering next year.
Can you buy SpaceX stock? Several recent reports have suggested that billionaire Elon Musk's rocket company is planning to go public sometime in 2026.
Rumblings of a $1.5 trillion valuation for SpaceX may be forcing investors to view currently public space companies as undervalued.
A satellite that rode to space Dec. 9 on a Chinese rocket nearly slammed into one of SpaceX's Starlink internet spacecraft, according to the company.
Investors eyeing SpaceX's potential blockbuster IPO may need to brace themselves as CEO Elon Musk balances his risky quest to reach Mars with growing the revenue-rich Starlink satellite broadband business that would offer more reliable shareholder returns.
The 'Residential 100Mbps' plan seems to have been dropped from Starlink's US site, although it's still available for users in Australia and Canada.