SpaceX, the commercial space company founded by Elon Musk, has been valued at $180 billion U.S. based on a secondary share sale.
The company is in the process of allowing insiders to sell stock at a price of $97 U.S. per share, giving the privately held company a valuation of $180 billion U.S.
The latest valuation represents a 20% increase from $150 billion U.S. previously, which the company reached through a secondary sale offering this past July of $81 U.S. a share.
SpaceX has a near-monopoly position on the U.S. satellite launch market through its reusable Falcon rockets that lead the commercial space industry.
The company’s Starlink satellite internet business is seen as the main economic driver for the company, with more than 5,000 satellites launched and two million subscribers globally.
SpaceX is one of the most valuable private companies in the world. The latest valuation puts the company above the market values of competitors such as Boeing (BA) and Lockheed Martin (LMT).
While Elon Musk has said that he wants to take SpaceX public, he has not given a timeline for an initial public offering (IPO) of the company’s stock.
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