Valuation reports from financial news outlets or SpaceX's official communications

SpaceX Valuation Hits $350 Billion with $1.25 Billion Share Purchase, Boosting Elon Musk's Net Worth to $442 Billion

Dec 11, 2024, 07:53 AM

SpaceX has achieved a valuation of $350 billion, making it the most valuable private startup globally. This valuation comes as the company and its investors have agreed to purchase up to $1.25 billion of common shares, priced at $185 each, a significant increase from $112 just months prior. As a result of this surge, Elon Musk's net worth has risen to approximately $442 billion, solidifying his position as the richest person on Earth and the only member of the $400 billion club. The rise in SpaceX's valuation has also led to increased interest from investors, with few willing to sell their shares at this new valuation, further indicating the company's robust market position.