Elon Musk's Space Exploration Technologies Corp, or SpaceX, has seen its valuation skyrocket in recent years, but new reports suggest it may have stalled out.
What To Know: According to a New York Post report, SpaceX is planning to sell shares in a tender offer next month valuing the space exploration company at $150 billion, which is the same valuation SpaceX fetched in a tender offer earlier this year.
In May 2022 the Musk-led rocket company raised cash in a tender offer valuing the company at $125 billion. SpaceX raised money again in July of this year at a $150 billion valuation.
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Earlier this month, several reports indicated Musk could spin off its Starlink business via IPO as soon as next year, but Musk called the reports "false." The new tender offer set to launch next month seems to confirm that an IPO is not in the works, at least not in the near term.
Last week, SpaceX launched its second Starship rocket flight, which successfully separated from its booster before exploding. Despite the mishap, SpaceX is pushing forward with an aggressive timeline for the next Starship launch.
"Starship Flight 3 hardware should be ready to fly in 3 to 4 weeks," Musk said in an X post on Sunday.
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Photo: Courtesy of SpaceX.
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