All articles tagged with #insider shares
SpaceX (SPCX) will report its first quarterly results as a public company this week, while 911 million insider shares become eligible to sell, potentially tripling the public float; markets price roughly a 70% chance of missing earnings, with Starlink’s growth, cloud partnerships and government deals seen as crucial offsets to cash burn from Starship and xAI, and Rocket Lab acting as a proxied read on the space sector.
SpaceX plans to sell insider shares at $97 per share in a tender offer, increasing the value of the company to around $180 billion. The tender offer is expected to range from $500 million to $750 million.
SpaceX is reportedly in discussions to sell insider shares in a tender offer that values the company at $175 billion or more, making it one of the world's 75 biggest companies by market capitalization. The tender offer could range from $500 million to $750 million, with shares potentially offered at around $95 apiece. This valuation represents a premium to the $150 billion valuation obtained through a previous tender offer. SpaceX dominates the market for commercial space launch services and operates its Starlink internet-from-space service. The company is projected to generate revenues of about $9 billion this year, with sales expected to rise to around $15 billion in 2024. SpaceX is also considering an IPO for Starlink in late 2024.
SpaceX is offering to sell insider shares at a price that would value the company at around $150 billion, according to sources. The company was valued at $137 billion in January after raising $750 million in a funding round.