- SpaceX valuation reached $175 billion after the latest funding round.
- The private company is now likely more valuable than Meta.
- With a hot market fueling tech valuations, SpaceX must defy gravity to justify the price.
Elon Musk’s SpaceX is seeking to sell new shares that would value the rocket maker at a towering $175 billion – surging past major media players like Disney and Comcast.
Citing sources, Bloomberg reported SpaceX is offering stock at $95 per share to raise to $750 million.
The private valuation gained 25 billion over SpaceX’s last funding round this summer.
Wall Street Scope
Now likely more valuable than Meta, the company has set its sights on colonizing Mars while dominating the commercial space industry here on Earth.
After two years of losses, SpaceX notched a small profit of $55 million in Q1 2023.
Mars Goal
As the company builds out satellite internet network Starlink alongside its rockets, its soaring value reflects Wall Street’s sky-high expectations for Musk’s space ambitions.
But with a hot stock market fueling tech valuations, SpaceX must keep defying gravity to justify its otherworldly price tag.
