Elon Musk’s SpaceX May Be Valued More than Disney, Comcast and, Certainly, Virgin Galactic
According to Bloomberg, SpaceX will sell insider shares at $97 apiece in a tender. If the sales proves successful, such price adjustment will boost the value of Elon Musk’s flagship company to around $180 billion. The world’s second-most valuable closely held startup has been discussing a tender offer that could range from $500 million to $750 million. Thus, SpaceX stock may reach a valuation of $175 billion or more.
It would make SpaceX more highly valued than American corporate giants like Disney (DIS), which has a $170 billion market cap, and Comcast (CMCSA), which is worth just over $171 billion – let alone Virgin Galactic (SPCE), which enterprise value plummeted to just slightly above $1 billion.
To compare, another prominent Musk’s company, social network X, formerly Twitter, has been offering stock at a $19 billion valuation in October, while other calculations suggest X’s value could be as low as $4 billion.
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