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Centicorn: SpaceX is now worth $ 100 billion

SpaceX becomes Centicorn. (Photo: Sundry Photography / Shutterstock)
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Elon Musk’s space company SpaceX has reached a valuation of 100 billion US dollars – making it the second most valuable startup in the world after Tiktok parent Bytedance.

Nothing is known about an imminent IPO of SpaceX. SpaceX founder Elon Musk could rather separate its satellite internet subsidiary Starlink from the group and put it on the stock exchange individually, at least that’s what the rumors are. However, SpaceX has already sold shares in the form of shares to institutional investors, although not on the stock exchange. In February, SpaceX raised $ 850 million through share sales – and was worth $ 74 billion in one fell swoop. Now the company has significantly increased its rating again.

SpaceX shares cost $ 560

After this week SpaceX shares with a volume of $ 755 million, each worth 560 When dollars changed hands, Elon Musk’s space company was suddenly worth $ 100.3 billion. CNBC has learned from insiders about the so-called secondary sale, in which only existing shares are resold, but no new shares are cashed in. Because SpaceX is not listed on the stock exchange, the company is not required to report such deals. SpaceX did not respond to a request from CNBC.

With the 100 billion valuation, SpaceX is rising to a so-called Centicorn or Hectocorn – a very rare species whose valuation is 100 times higher than that of the unicorn / unicorn startups lies. According to the unicorn list from CB-Insights, SpaceX is now the second most valuable non-listed company in the world and has surpassed the fintech Stripe. Stripe is worth around $ 95 billion. At the top of the ranking is the Chinese Tiktok mother Bytedance.

Elon Musk makes SpaceX deal even richer

Elon Musk is already now with an estimated fortune of around 214 billion dollars (according to Bloomberg’s billionaires index) by far the richest person in the world. Much of his fortune can be traced back to his Tesla shares. However, Musk is said to hold 54 percent of SpaceX shares through a trust. Accordingly, the mountain of wealth could have grown by another $ 13 billion. The gap to the runner-up, Amazon founder, Blue Origin boss and intimate enemy of Elon Musk, Jeff Bezos, is likely to have grown to 35 billion dollars.

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Derrick Santistevan
Derrick is the Researcher at World Weekly News. He tries to find the latest things going around in our world and share it with our readers.

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