SpaceX share sale values company at about US$350 billion

1) SpaceX and its investors have agreed to purchase as much as US$1.25 billion of insider shares in a transaction valuing Elon Musk’s rocket and satellite maker at about US$350 billion, according to an internal e-mail seen by Bloomberg.
2) The per-share price of US$185 is up substantially from the US$112 set in a prior valuation less than three months ago, said the memo, which was separately confirmed by sources familiar with the matter. SpaceX alone is offering to purchase as much as US$500 million worth of common stock, it said.

My Take:

The performance of SpaceX has some correlation with Tesla. First SpaceX is transferring the technology to Tesla in making EV in terms of productivity, material usuage, design and problem solving. Second SpaceX's success is a positive catalyst to Elon Musk and indirectly affect Tesla also known as Muskonomy Effect.

Musk’s businesses have seen an enormous boost since the US election, with investors seeking to capitalise on the billionaire’s deepening ties to president-elect Donald Trump. Musk’s own wealth has also soared to about US$384 billion, according to the Bloomberg Billionaires Index.

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