Elon Musk's SpaceX Rockets Towards New Heights With Near $150B Valuation: Report

Elon Musk‘s SpaceX has reportedly achieved a staggering valuation of nearly $150 billion. 

What Happened: According to CNBC, the rocket manufacturer’s valuation soared after a share sale by existing investors. 

The company has agreed to sell up to $750 million in stock from insiders at $81 a share, representing a secondary sale of existing shares, CNBC reported, citing a copy of the purchase offer sent by CFO Bret Johnsen on Thursday.

This development follows last month’s reports by Bloomberg, which indicated that SpaceX was planning to offer shares at over $80 per share, citing sources familiar with the matter.

Why It Matters: Back in January, SpaceX was said to be raising $750 million in a funding round that valued the company at $137 billion. This indicates a remarkable 9.5% increase in the company’s total valuation since then.

Year Ahead For SpaceX: During a discussion with author Ashlee Vance, Musk reaffirmed his goal of delivering 80% of Earth’s payload to orbit by the end of this year. He also shared updates on Starship, highlighting significant improvements since its first flight and expressing a 60% probability for the next flight to successfully reach orbit, contingent on the success of stage separation. Musk had said he anticipated the second flight test to happen within six weeks from then.

While rumors of a potential SpaceX or Starlink IPO have been circulating for years, Musk stated in June last year that Starlink is unlikely to go public until 2025 or later.

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Read More: "I Didn't Start Out Wanting To Do Rockets," Says Elon Musk On SpaceX Origin

Image: Created with artificial intelligence on MidJourney and Official SpaceX Photos on Flickr