SPACEX PLANS TO SELL SHARES NEXT MONTH AT $150B VALUATION — SAME AS SUMMER 2023
SpaceX is planning to sell shares next month in a deal that prices them around the same level as summer 2023. The launch appears to confirm that Elon Musk is not considering a near-term IPO for its Starlink satellite division. It was reported earlier this month that Musk was discussing a possible IPO for as early as late 2024, but he has denied these reports. Starlink reported $1.4 billion in revenue and a loss for the year in 2022, but it achieved breakeven cash flow this year.