SpaceX in talks to sell insider shares to boost valuation to around $255 bn

Quick Summary:

That would be a premium to the company's previous valuation of about $210 billion.

SpaceX also operates its internet-from-space Starlink service, anchored by a growing constellation of satellites in low-Earth orbit.

In a tender, a company does not issue new shares, award new equity or raise funds from the transaction.

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Article Details

Category: BusinessFinance

Markets: India

Topics: Space X Musk SpaceX Share sale Insider shares US companies Elon Musk

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-16 @ 09:20:22 (8 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 435 words

Reading Time: 3 minutes read

Sentences: 19 lines

Sentence Length: 23 words per sentence (average)

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Copyright Owner: © Business Standard

News ID: 23608380

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