Musk's SpaceX Funding Green Light... Valuation at 237 Trillion Won

[Image source=Reuters Yonhap News]

SpaceX, a private space development company founded by Elon Musk, is reportedly negotiating with investors to sell existing shares at a company valuation of $180 billion (approximately 237.6 trillion KRW).

On the 13th (local time), Bloomberg News cited sources reporting that SpaceX is discussing the sale of shares worth between $500 million and $750 million with Silicon Valley investors. The selling price per share is $97, which is higher than the $95 per share (totaling $175 billion) discussed last week.

Bloomberg stated, "(This public offering success) demonstrates strong investor demand for the rapidly growing Starlink business," adding that the scale and terms of the sale may change during negotiations. The funds raised from this investment will be used for operating expenses of the Starlink business, including satellite infrastructure construction.

SpaceX is the second most valuable startup globally, following China's ByteDance ($225 billion). Compared to the valuation of $150 billion during the fundraising process in June, the valuation has increased by about 16% in six months. The valuation in January this year was $137 billion.

SpaceX aims to achieve $9 billion in revenue this year through its rocket launch business and Starlink services. The revenue target for next year is set at $15 billion. Musk, who leads SpaceX, is considering separating the Starlink division, which recently passed the break-even point, into a separate corporation and listing it on the U.S. stock market next year.

Founded in 2002, SpaceX has launched more than 5,000 satellites into low Earth orbit, providing high-speed internet services to over 60 countries. It continues to challenge the launch of the large spacecraft Starship for lunar and Mars exploration.

This content was produced with the assistance of AI translation services.