SpaceX now valued at $100 billion, the world’s 2nd most valuable private company
Capitalism in space: Because of the high price that some of its investors were able to get selling their private shares of SpaceX, the company’s valuation was reassessed upward from $74 to $100 billion and making it the second most valuable private company in the world.
The stock sale did not raise money for SpaceX as it was a secondary sale by these investors to get a profitable return on their initial investment. Regardless, the stock price they were able to get increased the company’s value.
The high price also illustrates objectively what investors think of SpaceX’s value. No matter what the critics may say, when the time comes to lay the money on the table, those willing to do it are convinced SpaceX is going to be successful in cashing in on its various space projects.
Capitalism in space: Because of the high price that some of its investors were able to get selling their private shares of SpaceX, the company’s valuation was reassessed upward from $74 to $100 billion and making it the second most valuable private company in the world.
The stock sale did not raise money for SpaceX as it was a secondary sale by these investors to get a profitable return on their initial investment. Regardless, the stock price they were able to get increased the company’s value.
The high price also illustrates objectively what investors think of SpaceX’s value. No matter what the critics may say, when the time comes to lay the money on the table, those willing to do it are convinced SpaceX is going to be successful in cashing in on its various space projects.