SpaceX Valuation Reaches $350 Billion Amid Plasma Technology Advancements

SpaceX Valuation Reaches $350 Billion Amid Plasma Technology Advancements

1224+ Words Refined into 7 Facts by AI • 9 sources • 1d ago

• SpaceX and its investors have agreed to purchase up to $1.25 billion of insider shares, valuing the company at approximately $350 billion.
• The internal email confirmed that SpaceX is offering to buy back $500 million worth of common stock. Elon Musk stated, What’s really crazy about this is that almost no investors wanted to sell shares even at a $350B valuation!
• This valuation solidifies SpaceX's position as the most valuable private startup globally, comparable to major public companies.
• SpaceX's valuation surge is attributed to post-election gains across Musk's business empire, with his wealth rising to about $384 billion.
• Recent advancements in aerospace technology echo Stephen Hawking’s insights on plasma as a fuel source for exploration.
• SpaceX’s Starship showcased ultra-heated plasma at temperatures reaching 3,500 degrees Fahrenheit during reentry.
• The Oak Ridge Centers for Manufacturing Technology is collaborating with NASA on a plasma rocket engine concept called VASIMR.