SpaceX, Elon Musk’s private space company, has raised its valuation to $350 billion in a proposed capital raise. This significant increase makes an initial public offering (IPO) unlikely for now. The trend of companies staying private is evident, as investors are flocking to private markets with SpaceX being the latest example.
In private-market valuations, SpaceX’s estimated worth has jumped by over $100 billion. Private-market investors are eager to participate in this capital raise, indicating that an IPO may be off the table for the time being.
Source: https://www.marketwatch.com/story/spacexs-rockets-to-get-more-launch-money-based-on-sky-high-350-billion-value-report-c90d1a93