The value of SpaceX, the rocket company led by Elon Musk, has skyrocketed and stands at $350 billion since Donald Trump’s victory in the US presidential election, according to estimates published this Wednesday by Bloomberg, as the company It is not listed on the Stock Exchange and does not have to publish detailed accounts to the public.
The assessment of SpaceX, which has become one of the most reliable and efficient rocket launch companies in the sector and a major contractor for NASA, is based on a proposal by the company to buy shares from its employees.
SpaceX, which is not listed on the stock exchange, has proposed buying $1.25 billion in shares at $185 a share, according to an internal email seen by Bloomberg.
After the publication of the information, Elon Musk noted on his social network
The businessman added: “SpaceX reduced the number of shares it bought from its employees to allow in some new investors.”
The $350 billion valuation makes SpaceX the most valuable startup in the world.
Among the investors who own SpaceX shares are firms such as Founders Fund (from businessman Peter Thiel), Fidelity Investments, Alphabet (Google), Baillie Gifford and Sequoia Capital among others. But Musk is the main investor, controlling 42% of SpaceX shares.
In September, SpaceX had offered to buy shares held by its employees at $112 per share, which represents an increase of 65% in just over two months.
Between the September purchase and the December offer, Elon Musk has become one of the main economic advisors of Donald Trump, who won the US presidential elections in November.
Bloomberg noted that since Trump’s victory, Musk’s personal fortune has increased and currently stands at about $384 billion.
With information from EFE.
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