SpaceX’s Valuation Skyrockets, It’s Now The Second Most Valuable Private Company In The World Worth $100 Billion

SpaceX, the aerospace company founded by Elon Musk, has seen its valuation skyrocket from a reported $74 billion in February to over $100 billion – it is now the second most valuable private company in the world. The massive valuation increase did not come from raising capital from more investors, according to a report by CNBC’s Michael Sheetz – anonymous sources shared that SpaceX surpassed the $100 billion valuation after existing investors sold their shares. Mr. Sheetz reports that the company’s investors have a deal with SpaceX that allows them to sell up to “$755 million in stock from insiders at $560 a share.” You can read the full report here: CNBC Report.

SpaceX develops the world’s most advanced rockets and spacecraft. The company aims to return NASA astronauts to the moon and send the first humans to Mars within this decade. Such ambitious venture requires a massive capital to develop the technology needed to achieve it. The aerospace company returned human spaceflight capabilities to the United States in 2020, and is on track to perform multiple crewed flights both for NASA and private commercial spaceflights. NASA had not launched any astronauts from American soil since 2011, SpaceX helped the U.S. reemerge as a space power. In September, SpaceX launched the world’s first all-private, all-civilian orbital flight for charity known as ‘Inspiration4.’ A Falcon 9 rocket launched Shift4 Payments founder Jared Isaacman with a crew of three to orbit the Earth for three days aboard the Crew Dragon Resilience spacecraft. The Inspiration4 mission was designed to fundraise and raise awareness for St. Jude Children’s Research Hospital. The mission demonstrated SpaceX’s Falcon 9 and Crew Dragon spacecraft are safe to carryout space tourist missions with no professional astronauts onboard. Dragon has the capability to operate with full autonomy, the crew only trained for six months to prepare for the out-of-this-world adventure.

Musk has bold plans for SpaceX, he does not want to settle in Low Earth Orbit. The company is developing the next-generation launch vehicle that will enable more humans to travel to space. SpaceX’s mission is to open access to space for more people. The Starship/Super Heavy rocket is under development in South Texas, the monstrous stainless-steel spacecraft will be capable of transporting up to 100 passengers to the lunar and Martian surface.

Besides building the foundation for a spacefaring civilization, SpaceX is working to connect the world to the Internet. The Internet is a useful utility for society to have access to education, have job opportunities, and stay connected with people and events that matter. A lot of rural and remote regions around the globe still do not have reliable access to the internet. SpaceX’s Starlink division is working to deploy the world’s most advanced satellite broadband internet infrastructure that will enable communities in remote places to access the world wide web. Musk previously said that if Starlink obtains enough customers, long-term, the broadband network could help the company further fund its Mars colonization objective.

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