Spacex Aims To Become Most Valuable Company In World
Date
7/13/2024 10:22:15 PM
(MENAFN- AzerNews)
By Alimat Aliyeva
Billionaire Elon Musk's SpaceX is going to announce a tender
offer, according to which the company will be valued at $ 210
billion, which is a record for a private American company,
Azernews reports.
SpaceX will sell shares to its employees and other insiders for
$ 112. The projected valuation exceeded initial expectations due to
the high interest from investors. The terms of the tender offer
have not yet been finalized and may be changed.
In the event of a tender offer, SpaceX will immediately become
the most valuable company in the world after ByteDance, the Chinese
parent company of TikTok. Last December, ByteDance was valued at
$268 billion.
Today, SpaceX is the world's largest manufacturer of technology
that operates Starlink, a high-speed Internet service designed for
rural and remote locations. At the end of last year, the company
had about 5,000 satellites in orbit.
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