11:18 - 11.12.2024

---

December 11, Fineko/abc.az. Elon Musk's SpaceX has become the most expensive private startup in the world after offering investors to buy shares.

ABC.AZ informs that the estimated market value of the rocket and satellite manufacturer has risen to $350 billion due to a 65% increase in company's share prices, the Financial Times reports, citing sources.

According to the terms of the deal, SpaceX and investors showing increased interest in billionaire's venture will purchase shares of the company in the amount of $1.25 billion at price of $185 apiece. A few months ago, the startup's shares were sold for $112, and its value was estimated at $210 billion.

SpaceX itself will acquire shares for almost $500 million, the rest of the capital will come from external investors who are rushing to support the growing business interests of Musk, the richest entrepreneur in the world, who has become a close confidant of U.S. president-elect Donald Trump, the publication says.