SpaceX valuation climbs to $180 billion

SpaceX valuation climbs to 0 billion


SpaceX’s next-generation Starship spacecraft atop its powerful Super Heavy rocket is launched from the company’s Boca Chica launchpad on an uncrewed test flight, near Brownsville, Texas, U.S. November 18, 2023. 

Joe Skipper | Reuters

The valuation of Elon Musk’s SpaceX hit $180 billion based on an ongoing secondary share sale, CNBC confirmed Wednesday.

The company is discussing an agreement with investors to sell stock from insiders in a purchase offer at $97 a share, according to a person familiar with the discussions. The offer does not include raising new capital, as the purchase offer representing a secondary sale of existing shares and is expected to close in January.

SpaceX typically performs these secondary rounds about twice a year, to give employees and other company shareholders a chance to sell stock. The latest valuation represents a 20% increase from SpaceX’s previous high of $150 billion, which the company hit through a July secondary sale at $81 a share.

It has a near-monopoly on the U.S. satellite launch market, thanks to its workhorse Falcon rockets and the struggles of rivals to field operational rockets to compete. SpaceX’s Starlink satellite internet business is seen a key economic driver for the company, with more than 5,000 satellites launched to date and a service boasting over two million subscribers. And its monstrous Starship vehicle continues to advance in flight tests, representing an attempt to create a next-generation reusable rocket of unprecedented scale and power.

Sign up here to receive weekly editions of CNBC’s Investing in Space newsletter.

The company is one of the most valuable private companies in the world, classifying it as a “centicorn” or “hectocorn” – a $1 billion unicorn, 100 times over.

SpaceX’s latest valuation ranks the company above the market value of any of the top U.S. defense contractors – including Boeing (about $150 billion), Lockheed Martin (about $112 billion), and Northrop Grumman (about $73 billion) – as well as the most valuable U.S. telecommunications companies – such as Verizon (about $154 billion) or AT&T (about $115.9 billion), according to FactSet data on Wednesday.

The company did not immediately respond to CNBC’s request for comment on the sale process. Bloomberg first reported SpaceX’s $97 a share pricing.

Elon Musk's Starlink business has grown quickly and so has its influence



Source

Wayfair stock rises 10% as earnings beat, revenue jumps
Business

Wayfair stock rises 10% as earnings beat, revenue jumps

Online home goods company Wayfair reported a jump in third-quarter revenue on Tuesday, as it beat Wall Street estimates on the top and bottom lines. The company said total net revenue increased 8.1% year-over-year. Here’s how the company performed in its third quarter, compared with what Wall Street was expecting, based on a survey of […]

Read More
UPS stock soars on third-quarter earnings beat, turnaround plan
Business

UPS stock soars on third-quarter earnings beat, turnaround plan

A UPS worker pushes a cart in New York, US, on Monday, Oct. 27, 2025. Michael Nagle | Bloomberg | Getty Images United Parcel Service on Tuesday reported earnings that topped Wall Street’s estimates ahead of its busy holiday season. Shares of the package delivery giant surged 10% in premarket trading. Here’s how the company […]

Read More
Lululemon is partnering with the NFL to release apparel for all 32 teams
Business

Lululemon is partnering with the NFL to release apparel for all 32 teams

Sign at the entrance to the Lululemon store in Midtown Manhattan. Erik Mcgregor | Lightrocket | Getty Images Lululemon is partnering with the NFL to launch an apparel collection featuring the logos of all 32 NFL teams. It will mark the first time the retailer has offered officially licensed products for the NFL or any […]

Read More