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SpaceX CEO Elon Musk says SpaceX is now worth $800B.
That translates into a share price of $421.
Here’s how to scoop up shares before it goes public.
An internal memo from the company’s CFO outlined details of the private transaction.
SpaceX and its investors will buy shares from employees at a set price in December. The latest share price is double the previous valuation.
Elon says that the company isn’t raising fresh capital as part of the deal.
“SpaceX has been cash flow positive for many years and does periodic stock buybacks twice a year to provide liquidity for employees and investors.”
An Initial Public Offering could be on deck next year. And early rumors suggest that the valuation could top 1 ½ trillion dollars.
Claim your pre-IPO shares here.
Ian