Elon Musk is the richest man in the world. One of his many efforts alone is worth 100 Unicorns. Some time ago, the South African-born man's wealth was USD 241 billion, according to the Bloomberg Billionaires Index and his wealth continues to climb.
Founded in 2002, this space company Elon Musk became Unicorn stock in 2012. So it doesn't matter, there's been a process of almost a decade to reach USD 1 billion in market valuation.
Earlier this month, SpaceX crossed another milestone, growing another 100 times to reach $100 billion in market cap. If SpaceX continues to grow at this rate, the company could reach a $1 trillion valuation before the end of the decade. Crazy, crazy!
As CNBC reported Friday (10/29/2021) SpaceX has agreed to sell their shares worth USD 755 million to outside investors for USD 560 per share in a private share sale. At that price, all the shares currently (privately) outstanding in the company would add up to a combined value of USD 100.3 billion, as reported by The Motley Fool.
How SpaceX reached a value of USD 100 billion
SpaceX achieved this assessment on at least two points that stood out: Starlink, a system for providing broadband internet to Earth via a growing constellation of 1,700 satellites and Starship, a reusable experimental spacecraft propulsion and launch system that is expected to lift 100 metric payloads. tons or more into orbit after operation.
SpaceX believes that these two systems -- with the help of a little extra revenue from the launch of the Falcon 9 satellite and occasional space travel flights -- will generate $36 billion in SpaceX sales by 2025, although this figure is not necessarily realizable.