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SpaceX valuation surges to $350 billion as company buys back stock - TL;DR CNBC

SpaceX valuation surges to $350 billion as company buys back stock

Publishing timestamp: 2024-12-11 16:03:49


Summary

SpaceX's valuation hits $350 billion in secondary share sale, ranking above U.S. defense contractors and in top 25 of S&P 500. The company is furthering its dominant position in the space industry with its Starlink satellite internet business and Starship rocket. Elon Musk confirms almost no investors wanted to sell shares at the new valuation.


Sentiment: POSITIVE

Tickers: JNJBAC

Keywords: breaking news: technologytransportationthe edgebusiness newsbank of america corpbreaking news: businessaerospace and defense industryjohnson & johnsontechnologybusinesselon muskspace industry

Source: https://www.cnbc.com/2024/12/11/spacex-valuation-surges-to-350-billion-as-company-buys-back-stock.html


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