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
Keywords: breaking news: technology, transportation, the edge, business news, bank of america corp, breaking news: business, aerospace and defense industry, johnson & johnson, technology, business, elon musk, space industry,