#Elon Musk’s SpaceX reportedly reaches $100B valuation

#Elon Musk’s SpaceX reportedly reaches $100B valuation

Elon Musk’s SpaceX has reportedly notched a valuation north of $100 billion, making it the second most valuable private company in the world.

The new valuation comes after company insiders agreed to sell up to $755 million in stock at $560 a share to new and existing investors, CNBC reported, citing multiple people familiar with the deal.

That saw the company’s valuation rise to $100.3 billion, up 33 percent from SpaceX’s last valuation of $74 billion at $419.99 a share in February, when the company raised new capital, the outlet reported.

This time around, SpaceX did not raise any new capital, according to CNBC.

The new valuation landed SpaceX among the rare “centicorn” or “hectocorn” companies in the world that boast a valuation north of $100 billion — an even more exclusive club that so-called “unicorns,” which are valued above $1 billion.

Elon Musk
Elon Musk’s SpaceX is now reportedly the second most valuable private company in the world.
Patrick Pleul/Pool via Reuters/File Photo

SpaceX — which has yet to announce any plans to list shares of the company on a public exchange — is now the second most valuable privately held firm in the world, according to CNBC, behind only China’s Bytedance, TikTok’s parent company.

SpaceX did not return The Post’s request for comment.

Musk-helmed SpaceX has seen its valuation soar in recent years as its made substantial progress on its Starship rocket, which the company hopes to use to send people to Mars, and its Starlink satellites, which are meant to provide a high-speed internet service on Earth.

SpaceX now has more than 1,700 Starlink satellites in space, and the network’s beta service has more than 100,000 users in 14 countries.

SpaceX founder and Tesla CEO Elon Musk speaks on a screen during the Mobile World Congress (MWC) in Barcelona, Spain, June 29, 2021.
Elon Musk speaks about Starlink satellites at the Mobile World Congress (MWC) in Barcelona, Spain, on June 29, 2021.
REUTERS/Nacho Doce

And SpaceX’s reusable Starship rocket successfully landed for the first time without exploding earlier this year, a major step forward. The next major test for the rocket will be sending it to orbit.

A SpaceX Falcon 9 lifts off with four private citizens from pad 39A at the Kennedy Space Center in Cape Canaveral, Fla. on Sept. 15, 2021. The company is now reportedly worth more than $100 billion.AP Photo/John Raoux

SpaceX also made headlines last month when it sent four civilians into orbit for three days aboard its Crew Dragon capsule, carried to space by the company’s Falcon 9 rocket.

And the company has been in a back-and-forth legal battle with Jeff Bezos’ Blue Origin as the two companies compete for government contracts as NASA seeks to return American astronauts to the moon.

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