{"id":21664,"date":"2024-07-01T22:33:20","date_gmt":"2024-07-01T14:33:20","guid":{"rendered":"https:\/\/wp-productionenv-bjg9h2g2bgg5b8aa.southeastasia-01.azurewebsites.net\/news\/spacexs-stock-price-jumps-to-112-210-billion-valuation\/"},"modified":"2024-07-01T22:33:20","modified_gmt":"2024-07-01T14:33:20","slug":"spacexs-stock-price-jumps-to-112-210-billion-valuation","status":"publish","type":"post","link":"https:\/\/starpath.global\/news\/spacexs-stock-price-jumps-to-112-210-billion-valuation\/","title":{"rendered":"SpaceX\u2019s stock price jumps to $112, $210 billion valuation"},"content":{"rendered":"<figure class=\"img-border featured-image\">\n<p>\t<img width=\"100%\" src=\"https:\/\/spaceexplored.com\/wp-content\/uploads\/sites\/10\/2024\/03\/GIt7LweaoAAuxtY.jpeg?quality=82&amp;strip=all&amp;w=1600\" class=\"skip-lazy wp-post-image\" alt=\"\" srcset=\"https:\/\/i0.wp.com\/spaceexplored.com\/wp-content\/uploads\/sites\/10\/2024\/03\/GIt7LweaoAAuxtY.jpeg?w=320&amp;quality=82&amp;strip=all&amp;ssl=1 320w, https:\/\/i0.wp.com\/spaceexplored.com\/wp-content\/uploads\/sites\/10\/2024\/03\/GIt7LweaoAAuxtY.jpeg?w=640&amp;quality=82&amp;strip=all&amp;ssl=1 640w, https:\/\/i0.wp.com\/spaceexplored.com\/wp-content\/uploads\/sites\/10\/2024\/03\/GIt7LweaoAAuxtY.jpeg?w=1024&amp;quality=82&amp;strip=all&amp;ssl=1 1024w, https:\/\/i0.wp.com\/spaceexplored.com\/wp-content\/uploads\/sites\/10\/2024\/03\/GIt7LweaoAAuxtY.jpeg?w=1500&amp;quality=82&amp;strip=all&amp;ssl=1 1500w\" decoding=\"async\" fetchpriority=\"high\" data-attachment-id=\"40301\" data-permalink=\"https:\/\/spaceexplored.com\/2024\/03\/28\/spacexs-starship-and-the-new-space-race-reshaping-the-future-of-satellite-launches\/git7lweaoaauxty\/\" data-orig-file=\"https:\/\/spaceexplored.com\/wp-content\/uploads\/sites\/10\/2024\/03\/GIt7LweaoAAuxtY.jpeg?quality=82&amp;strip=all\" data-orig-size=\"3093,1740\" data-comments-opened=\"1\" data-image-title=\"Starship flight 3 launch\" data-image-description=\"\n\n<p>SpaceX social media<\/p>\n<p>&#8221; data-image-caption=&#8221;<\/p>\n<p>Image: SpaceX<\/p>\n<p>&#8221; data-large-file=&#8221;https:\/\/spaceexplored.com\/wp-content\/uploads\/sites\/10\/2024\/03\/GIt7LweaoAAuxtY.jpeg?quality=82&amp;strip=all&amp;w=1024&#8243;><figcaption>\n\t\t\t\tImage: SpaceX\t\t\t<\/figcaption><\/figure>\n<p class=\"wp-block-paragraph\">Bloomberg reports that SpaceX will sell its privately held shares for a new price of $112 a piece. With a new valuation of $210 billion, it now tops the charts for US unicorns and close to being number one worldwide.<\/p>\n<p><span id=\"more-40895\"><\/span><\/p>\n<p class=\"wp-block-paragraph\">Back in May Elon Musk restated over X that SpaceX is not in a position where it needs outside funding, but shared that the company would actually be buying back shares. Since the company\u2019s start, SpaceX has offered shares to it employees which they can sell at specific times of the year, usually every six months.<\/p>\n<p class=\"wp-block-paragraph\">These \u201ctender offers\u201d give us insight into what the company values itself and what investors are willing to pay for shares of the company. Unlike public companies, whose share prices can bee seen in real time during trading hours, private companies don\u2019t need to publicly share any details about share price, and usually don\u2019t.<\/p>\n<p class=\"wp-block-paragraph\">According to sources, Bloomberg reports SpaceX\u2019s new valuation to be near $210 billion, which they also claim as a new record for US companies. According to CBINSIGHTS, they place SpaceX as the second more most valued unicorn in the world, right behind Bytedance, the owners of TikTok.<\/p>\n<p>\t<span class=\"outbrain-ad-label\"><\/span><\/p>\n<p>\t\t<script type=\"text\/plain\">\n\t\t\twindow.adSlotsConfig = window.adSlotsConfig || [];<\/p>\n<p>\t\t\tadSlotsConfig.push( {\n\t\t\t\tslotID: '\/1049447\/Outbrain',\n\t\t\t\tslotName: 'div-gpt-ad-outbrain-ad-40895',\n\t\t\t\tsizes: [300, 250],\n\t\t\t\tslotPosition: 'mid_article'\n\t\t\t} );\n\t\t<\/script><\/p>\n<p class=\"wp-block-paragraph\">The last known valuation of SpaceX was back in December at $180 billion and a share price of $97 apiece.<\/p>\n<h2 class=\"wp-block-heading\" id=\"h-is-there-any-limit-to-spacex-s-value\">Is there any limit to SpaceX\u2019s value?<\/h2>\n<p class=\"wp-block-paragraph\">The sky high valuation of SpaceX is thanks to its dominance in the commercial launch sector and success in the breakthrough of Starlink satellite internet.<\/p>\n<p class=\"wp-block-paragraph\">SpaceX has a de facto monopoly on commercial spaceflight with both India\u2019s ISRO even stating they have rockets in storage but no customers, because of SpaceX\u2019s lower prices. Even after a long belief that smaller dedicated rockets could succeed, in today\u2019s market, if you aren\u2019t competing with SpaceX, you aren\u2019t succeeding.<\/p>\n<p class=\"wp-block-paragraph\">And because of that dominate launch performance, Starlink benefited with now over 6,000 satellites in orbit, the service\u2019s latency and reliability has greatly improved. The last update by SpaceX states that Starlink has over 3,000,000 subscribers world wide and that is growing everyday.<\/p>\n<p class=\"wp-block-paragraph\"><em>Personally I\u2019m excited to finally give Starlink internet a try at EAA AirVenture later in July.<\/em><\/p>\n<p class=\"wp-block-paragraph\">For now there doesn\u2019t seem like anything will change for SpaceX. Its launch competitors are still far away from a competitive and responsive launch cadence. For satellite Internet providers, Amazon\u2019s Kuiper project would be the closest to a competitor; it plans to begin beta tests to customers in early 2025.<\/p>\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":1,"featured_media":0,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[2],"tags":[],"class_list":["post-21664","post","type-post","status-publish","format-standard","hentry","category-news"],"acf":[],"_links":{"self":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts\/21664"}],"collection":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/comments?post=21664"}],"version-history":[{"count":0,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts\/21664\/revisions"}],"wp:attachment":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/media?parent=21664"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/categories?post=21664"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/tags?post=21664"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}