{"id":22454,"date":"2021-10-09T23:50:14","date_gmt":"2021-10-09T15:50:14","guid":{"rendered":"https:\/\/wp-productionenv-bjg9h2g2bgg5b8aa.southeastasia-01.azurewebsites.net\/news\/spacex-crosses-100-billion-valuation-following-secondary-share-sale\/"},"modified":"2021-10-09T23:50:14","modified_gmt":"2021-10-09T15:50:14","slug":"spacex-crosses-100-billion-valuation-following-secondary-share-sale","status":"publish","type":"post","link":"https:\/\/starpath.global\/news\/spacex-crosses-100-billion-valuation-following-secondary-share-sale\/","title":{"rendered":"SpaceX crosses $100 billion valuation following secondary share sale"},"content":{"rendered":"<figure class=\"img-border featured-image wp-block-image--obfuscated\">\n<p>\t<img width=\"100%\" src=\"https:\/\/spaceexplored.com\/wp-content\/themes\/ninetofive\/dist\/images\/default-spaceexplored-related-guide.png?w=1500\" class=\"skip-lazy wp-post-image\" alt=\"\" srcset=\"https:\/\/i0.wp.com\/spaceexplored.com\/wp-content\/themes\/ninetofive\/dist\/images\/default-spaceexplored-related-guide.png?w=320&amp;quality=82&amp;strip=all&amp;ssl=1 320w, https:\/\/i0.wp.com\/spaceexplored.com\/wp-content\/themes\/ninetofive\/dist\/images\/default-spaceexplored-related-guide.png?w=640&amp;quality=82&amp;strip=all&amp;ssl=1 640w, https:\/\/i0.wp.com\/spaceexplored.com\/wp-content\/themes\/ninetofive\/dist\/images\/default-spaceexplored-related-guide.png?w=1024&amp;quality=82&amp;strip=all&amp;ssl=1 1024w, https:\/\/i0.wp.com\/spaceexplored.com\/wp-content\/themes\/ninetofive\/dist\/images\/default-spaceexplored-related-guide.png?w=1500&amp;quality=82&amp;strip=all&amp;ssl=1 1500w\" decoding=\"async\" fetchpriority=\"high\" data-attachment-id=\"20159\" data-permalink=\"https:\/\/spaceexplored.com\/inspiration4_spacex_derek\/\" data-orig-file=\"https:\/\/spaceexplored.com\/wp-content\/themes\/ninetofive\/dist\/images\/default-spaceexplored-related-guide.png\" data-orig-size=\"4096,2731\" data-comments-opened=\"1\" data-image-title=\"inspiration4_spacex_derek\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/spaceexplored.com\/wp-content\/themes\/ninetofive\/dist\/images\/default-spaceexplored-related-guide.png?w=1024\"><br \/>\n\t<\/figure>\n<p class=\"wp-block-paragraph\">According to CNBC, Elon Musk\u2019s SpaceX just crossed a $100 billion valuation. The change results from an agreement with new and existing investors to sell shares at $560 per share.<\/p>\n<p><span id=\"more-22128\"><\/span><\/p>\n<p class=\"wp-block-paragraph\">CNBC\u2019s Michael Sheetz reports that this is a 33% increase in share price, following the last sale at $419.99. SpaceX was previously valued at $74 billion. This latest share of sales is not a SpaceX seeking additional capital, as they are all secondary sales of already existing shares.<\/p>\n<p class=\"wp-block-paragraph\">CNBC states:<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>SpaceX\u2019s new valuation makes it one of the rare private \u201ccenticorn\u201d or \u201chectocorn\u201d companies in the world \u2014 a $1 billion unicorn 100 times over. Musk\u2019s SpaceX is now the second-most valuable private company in the world, according to CB Insights, behind only China\u2019s Bytedance and jumping past fintech firm Stripe.<\/p>\n<\/blockquote>\n<p class=\"wp-block-paragraph\">SpaceX remains a private company, and Elon Musk plans on keeping it that way. By staying a private company, SpaceX can choose to invest in long-term goals for humanity, like landing humans on Mars with Starship.<\/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-22128',\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\">While SpaceX will remain private, Musk plans to make the subsidiary Starlink public once cash flow is more predictable. While a rocket company\u2019s stock may fluctuate greatly, SpaceX\u2019s internet service will have a more consistent set of costs and cashflow, making it more favorable as a public company. <\/p>\n<p class=\"wp-block-paragraph\">The Starlink internet service is exiting beta this month. The service is ideal to provide high-speed internet service for those in rural areas, rather than population-dense areas. The total number of customers Starlink can serve is limited by the number of satellites in orbit, and will increase as more are launched. Hopefully once Starlink is a bit more fleshed out as a service (and perhaps the region locks are removed) we will get a better idea of when Starlink will go public.<\/p>\n<p class=\"wp-block-paragraph\">Be sure to follow Michael Sheetz and check out CNBC\u2019s original story for more.<\/p>\n<h2 class=\"wp-block-heading\" id=\"h-want-to-help-support-space-explored\">Want to help support Space Explored?<\/h2>\n<p class=\"wp-block-paragraph\">Follow Derek on Twitter or Instagram.<\/p>\n<p class=\"wp-block-paragraph\">Shop on&nbsp;Amazon or directly support Derek by becoming a member of their&nbsp;Patreon.<\/p>\n<h3 class=\"wp-block-heading\" id=\"enjoy-reading-space-explored\">Enjoy reading Space Explored?<\/h3>\n<p class=\"wp-block-paragraph\">Help others find us by following on <strong>Apple News<\/strong> and <strong>Google News<\/strong>. Be sure to check us out on YouTube, Twitter, Facebook, and Instagram, join our Discord!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>According to CNBC, Elon Musk\u2019s SpaceX just crossed a $100 billion valuation. The change results from an agreement with new and existing investors to sell shares at $560 per share. CNBC\u2019s Michael Sheetz reports that this is a 33% increase in share price, following the last sale at $419.99. SpaceX was previously valued at $74 [&hellip;]<\/p>\n","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-22454","post","type-post","status-publish","format-standard","hentry","category-news"],"acf":[],"_links":{"self":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts\/22454"}],"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=22454"}],"version-history":[{"count":0,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts\/22454\/revisions"}],"wp:attachment":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/media?parent=22454"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/categories?post=22454"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/tags?post=22454"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}