Gary Zhou 
Key Points
- 💰 SpaceX is nearing a $150 billion evaluation.
- 🚀 SpaceX may be classified as a centicorn or hectocorn.
- 💼 SpaceX signed a share sale agreement with new and existing investors, allowing them to sell up to $750 million in stock.
- 💵 The shares are being sold for approximately $81 each.
- 🔄 SpaceX typically conducts secondary rounds twice a year but has not announced a new capital fundraising round recently.
- 🌍 SpaceX has been expanding the reach of its Starlink satellite internet service, partnering with Australian telecommunications companies Telstra and Optus.
- 🛰️ Elon Musk stated that SpaceX does not anticipate needing to raise incremental funding for its programs.
SpaceX may be classified as a centicorn as it nears a $150 billion evaluation. The space-faring company has reached a new milestone evaluation after signing a share sale agreement with new and existing investors.
CNBC obtained a copy of the purchase offer SpaceX signed with new and existing investors. In the share sale agreement, new and existing investors agree to sell up to $750 million in stock from insiders. They sell for about $81 a share.
SpaceX usually conducts secondary rounds twice a year. However, the company has yet to announce a new capital fundraising round recently. In April 2023, Elon Musk estimated that SpaceX would spend around $2 billion on Starship development this year.
Musk stated that SpaceX does “not anticipate needing to raise funding” to support Starship, Starlink, or its other programs. “To my knowledge, we do not need to raise incremental funding for SpaceX,” said Musk.
Besides Starship, SpaceX has been expanding Starlink’s reach worldwide. Starlink recently teamed up with Aussie telecommunications companies Telstra and Optus to bring 100% coverage to Australia.
