After two years of losses, SpaceX reported a profit of $55 million for the first quarter of 2023 and plans to sell shares.
SpaceX plans to sell its shares to investors at a price of around $95. one piece. The total value of the offer could be $500-750 million, which would value the company at $175 billion. Bloomberg wrote this on Thursday, December 7.
The final terms depend on the interests of both sellers and buyers.
SpaceX expects to generate about $9 billion in revenue this year from its rocket and Starlink businesses, with sales expected to rise to about $15 billion by 2024.
Founded in 2002, SpaceX offers space launch services using the Falcon launch vehicle. The company also sends payloads into orbit for private sector clients, the National Aeronautics and Space Administration (NASA) and other US government agencies.
Let’s recall that on November 28, the Falcon 9 launch vehicle successfully launched a batch of 23 Starlink mini-satellites into orbit. On November 20, SpaceX launched 22 more Starlink Internet satellites into orbit.
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I’m Liza Grey, an experienced news writer and author at the Buna Times. I specialize in writing about economic issues, with a focus on uncovering stories that have a positive impact on society. With over seven years of experience in the news industry, I am highly knowledgeable about current events and the ways in which they affect our daily lives.