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Tesla CEO Elon Musk just announced that SpaceX (private) is raising $850 million in a Pre-IPO financing.
Go here for urgent details on my #1 space stock Pre-IPO for February.
SpaceX is the biggest pure-play commercial space company.
One of Silicon Valley’s best venture capital firms led the financing. Sequoia will buy shares at $419.99 per share (1 cent less than Musk’s favorite number).
The deal gives SpaceX a total value of $74 billion – a 60% premium to the value last August.
Investors in Silicon Valley and on Wall Street were lining up to buy private SpaceX shares. CNBC reports that there has been “insane demand” to invest $6 billion in SpaceX at this valuation.
Private space stocks are rushing to go public. My #1 space stock could launch an IPO within 90 days. And shares could soar 515% AFTER the IPO – just like Virgin Galactic (NYSE: SPCE).
Click here for urgent details this SpaceX partner.
Elon Musk is raising capital to fund two ambitious projects.
Starlink
The SpaceX Starlink is an interconnected network of thousands of satellites. These are designed to provide high speed internet access worldwide. The Starlink network is already being tested on a limited basis with 10,000 customers in the U.S., Canada and the U.K.
The entire project is expected to cost $10 billion. Musk estimates that the network could generate annual sales of $30 billion. And that could make this new business 10-times larger than the existing SpaceX rocket business.
Musk is considering spinning off Starlink. He recently explained “Once we can predict cash flow reasonably well, Starlink will IPO.”
Go here for details on the SpaceX secret partner (and the upcoming Pre-IPO).
Starship Rocket
SpaceX is also focused on a new rocket called Starship.
The company is testing prototypes in Texas. However, two recent flights resulted in explosions during landing.
Starship aims to make regular flights to the moon and Mars. The rockets can be used for transporting cargo or carrying up to 100 passengers.
Upcoming IPO
It’s clear that Musk does NOT plan to take SpaceX public anytime soon. Staying private gives him more control of the company. And SpaceX clearly can raise huge sums of capital as a private company.
However, it looks likely that Starlink could IPO within the next two or three years.
Meanwhile, one secret SpaceX partner is quietly preparing to go public. My research suggests that this company could start trading within 90 days.
This private space stock already has $100 million in signed contracts with SpaceX, NASA, Lockheed Martin and others.
Plus, the company is negotiating contracts that could be worth over $1.1 billion!
That’s why top Silicon Valley venture capital firms have already invested $50 million in this deal.
Wall Street is now lining up to invest over $300 million in a Pre-IPO financing. And the deal is expected to be completed within 90 days.
Go here ASAP for urgent details inside today’s briefing.
Yours in Wealth,
Ian Wyatt