SpaceX, the space company headed by Elon Musk, will become the most valuable US startup.
That's because the valuation of SpaceX skyrocketed to over USD 125 billion in the ongoing sale of shares on the secondary market.
With the soaring valuation, SpaceX's company value can be compared to hundreds of unicorn startups that have just surpassed a valuation of USD 1 billion.
Furthermore, as quoted from Reuters, Thursday (19/5/2022), SpaceX's shares were marketed at USD 72. This value grew from last October which sold USD 56 after a 10-1 split.
No new shares are issued in the secondary offering. However, based on sources close to the matter, the company identified investors that they might do so later this year.
The sale of the shares will boost SpaceX's value by more than $125 billion. That valuation outperforms fintech giant Stripe which is worth $115 billion in secondary sales.
It is not yet known how many available shares the company sells. However, it is common for high-value private companies to offer shares on the secondary market to introduce liquidity for early investors and employees.
From this information, it is still a mystery whether Elon Musk, who owns a 44% stake in SpaceX and signed the Twitter purchase agreement, is among the sellers or not.
In a capital-intensive business, SpaceX raised $337.4 million in December and $1.16 billion in equity financing last April.
Elon Musk himself just met with Indonesian President Joko Widodo (Jokowi) at SpaceX's headquarters in the Boca Chica region, USA, on Saturday (14/5) local time.
It is known that the meeting between Jokowi and Elon was to discuss the follow-up to the discussion of the Coordinating Minister for Maritime Affairs and Investment, Luhut Bi
