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SpaceX Hits $350 Billion Valuation After $1.25 Billion Share Sale at $185 Per Share

Dec 11, 2024, 12:13 AM

SpaceX and its investors have agreed to purchase up to $1.25 billion of the company's common shares at $185 per share, up from $112 in the previous round three months ago, valuing Elon Musk's rocket and satellite company at approximately $350 billion. This valuation nearly doubles SpaceX's worth from the previous year and makes it the most valuable private startup in the world, surpassing companies like Salesforce, Chevron, and Coca-Cola. The share sale provides liquidity for employees and early investors.