German Manager Magazine: SpaceX: Elon Musk’s company targets valuation of 210 billion dollars003404

The space company SpaceX of the billionaire Elon Musk (52) is apparently to be valued at 210 billion dollars (around 196 billion euros) in a further round of financing. This volume will be sought when placing additional shares with investors, the Bloomberg news agency reported on Thursday, citing people familiar with the matter. That would be $30 billion more than that in the sale of shares in December. The company declined to comment on the information.

SpaceX was founded by Musk. The billionaire runs the space company – as well as the electric car manufacturer Tesla. He also owns the short message service X (formerly Twitter). Musk also owns shares in SpaceX. The Bloomberg news agency currently estimates his assets at just over $216 billion. He is considered the wealthiest person in the world – just ahead Amazon-Founder Jeff Bezos (60).

Most valuable US company without an IPO

With the targeted valuation, SpaceX would be worth more than most German companies. In this country only comes SAP to a market capitalization of more than 200 billion euros.

SpaceX is the most valuable US company not listed on the stock exchange. Globally, the space company is number two in the rankings behind the Chinese company Byte Dance. The operator of TikTok, the platform for short cell phone videos that is particularly popular with young people, is also not listed on the stock exchange and was most recently valued at almost $270 billion.

Meanwhile, NASA has awarded SpaceX an $843 million contract to build a rocket that will lift the International Space Station (ISS) out of its long-term orbit around Earth when its lifespan ends.

The International Space Station, launched in 1998, is expected to need to be deorbited by 2030. The station is operated by space agencies from the United States, Europe, Japan, Canada and Russia. All participating countries have committed to operating the station until 2030, except Russia, which has only participated until 2028.

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