Elon Musk’s SpaceX is set to become the most valuable startup in the United States

Billionaire Elon Musk’s SpaceX is set to become the most valuable startup in the United States as its share price in the secondary market has risen to $ 125 billion, according to a source familiar with the matter.

The shares, which are marketed at around $ 72, have jumped in valuation since last October, when shares of SpaceX sold for $ 56 after a 10-1 split, and the Rocket Company is valued at $ 100 billion.

No new shares have been issued in the secondary offer, but the company has indicated to investors that they may do so later this year, a source said on condition of anonymity.

Shares of SpaceX could be valued at $ 125 billion, surpassing the fintech giant Stripe, which was valued at বিক 115 billion in secondary sales.

It is unknown at this time what he will do after leaving the post. It is common for highly valued private companies to offer shares
The secondary market will introduce liquidity for primary investors and employees.

Reuters could not determine whether CEO Elon Musk, who owns 44% of SpaceX and signed a $ 44 billion deal to acquire Twitter Inc., was among the sellers. Mask is also the CEO of Tesla Inc.

SpaceX did not immediately respond to a request for comment. The New York Post reported on Monday about the first private placement.

In capital-intensive business, SpaceX financed $ 337.4 million in December and $ 1.16 billion in equity last April, according to regulatory filings.

The company competes with the growing constellation of commercial rocket ventures with Amazon.com’s former chief executive Jeff Bezos’ space venture Blue Origin and billionaire Richard Branson’s Virgin Galactic.

SpaceX has already launched numerous cargo payloads and astronauts on the International Space Station for the National Aeronautics and Space Administration (NASA), with 19 rockets launched this year alone.

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