SpaceX Soars to $175 Billion Valuation, Surpassing Entertainment Giants

SpaceX is reportedly seeking to sell shares at a valuation of $175 billion, making it worth more than Disney or Comcast. The company is exploring a share sale priced at $95, aiming to raise between $500 million to $750 million. This potential valuation would position SpaceX among the world's most valuable companies. Founded by Elon Musk in 2002, SpaceX is a frontrunner in the space race and has ambitious plans for Mars colonization. Despite recent setbacks, including a failed test flight of its Starship mega rocket, the company posted a $55 million profit for Q1 2023. Musk denied reports of a stock market listing for Starlink, SpaceX's satellite internet division.