SpaceX valued at $150 billion

According to insiders, Elon Musk's SpaceX enterprise, which involves using rockets to provide internet access, is now valued at approximately $150 billion (€137.6bn). Bloomberg News reports that Musk is considering selling shares of the unlisted business which could further increase the value to $150 billion.

SpaceX is providing the opportunity to purchase shares at a sum greater than $80 to $81 per share.

On June 25th, Elon Musk announced that it would be against the law to make any statement. This implies that there is some activity taking place that is not publicly disclosed.

Back in January, it was revealed that SpaceX was trying to gather approximately $750 million. This money would have increased the company's value, which at the time was approximately $137 billion.

According to reports by WSJ, a cash-raising plan has been confirmed to exist. Investors are claiming that the profit potential of Starlink, which aims to enhance internet accessibility in remote parts, is the main determining factor behind the company's value.

SpaceX accomplished a triumph on June 23rd by sending over 50 satellites to join their current constellation that aids in providing broadband internet to people on Earth.

According to Jonathan McDowell, a scientist who specializes in studying Starlink satellites, there are currently a total of 4,698 of these satellites that have been launched into space. Out of this number, 4,368 are currently orbiting the Earth and 4,329 are reportedly functioning properly.