Valued at Approximately KRW 232 Trillion
However, a Private Company Not Listed on the Stock Market
Elon Musk, CEO of Tesla, founded the reusable space launch vehicle venture 'SpaceX,' whose corporate value has surpassed that of the global aviation giants 'Boeing.'
According to Bloomberg on the 13th (local time), SpaceX's corporate value was estimated at $180 billion (approximately 232 trillion KRW). If this current valuation were applied to the stock market, SpaceX would rank among the top 40 companies by market capitalization in New York.
The U.S. SpaceX's space launch vehicle 'Falcon 9,' carrying South Korea's first reconnaissance satellite No. 1, was launched on the 1st local time. [Image source=SpaceX] [Image source=Yonhap News]
In particular, it is higher than Boeing, the largest aircraft manufacturer in the U.S. ($151.7 billion), and comparable to Intel ($187.9 billion). However, since SpaceX is a privately held company that has not gone public on the securities market, its shares are currently traded only over-the-counter.
Bloomberg cited an internal source from SpaceX stating, "The company is negotiating with investors on a plan to sell employee shares at $97 per share (approximately 120,000 KRW)." Applying the $97 per share valuation to SpaceX's private stock results in a corporate value of $180 billion.
SpaceX offers its employees and company shareholders the opportunity to liquidate their shares twice a year. Previously, in July, SpaceX shares were traded at $81 per share (approximately 104,000 KRW). This means the corporate value has increased by about 20% in roughly five months.
Meanwhile, SpaceX is a venture company that designs and manufactures the world's first reusable space launch vehicles. According to the U.S. financial media Wall Street Journal (WSJ), SpaceX's flagship product, the 'Falcon 9' rocket, accounted for 64% of the global satellite launch service market in the first half of this year. Additionally, CEO Musk's plan to deploy the space internet satellite 'Starlink' is also being carried out using the Falcon 9 rocket.
SpaceX is also developing the 'Starship,' the largest rocket ever built and simultaneously the world's largest reusable rocket. Once completed, Starship will have the capability to carry a payload weighing up to 150 tons into space.
According to WSJ, SpaceX generated $1.5 billion (approximately 1.9 trillion KRW) in revenue in the first quarter of this year, with an operating profit of about $55 million (approximately 71.1 billion KRW).
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