SpaceX Valuation Soars to $255B

FINANCE
SpaceX Valuation Soars to $255B

SpaceX is reportedly in discussions to sell insider shares, potentially valuing the company at approximately $255 billion, according to sources familiar with the matter. This valuation would mark a significant premium over its previous $210 billion valuation, solidifying SpaceX’s position as the most valuable private U.S. company.

The proposed secondary share sale allows employees and early investors to cash out shares, offering a way to capitalize on the company's rapid growth and Elon Musk’s expanding business empire. This comes as shares of Tesla, Musk’s only publicly traded company, surged 26% following the Nov. 5 election, adding $200 billion to its market cap.

The Financial Times reported that SpaceX is preparing a December tender offer, selling existing shares at about $135 each. Unlike an IPO, this type of sale does not involve issuing new shares or raising additional funds.

Already a leader in commercial space launches with its Falcon rockets, SpaceX is accelerating the development of its Starship program aimed at Moon and Mars missions. Its Starlink service, which provides internet via a growing satellite constellation, further anchors its dominance in space technology.

If finalized, this valuation would make SpaceX one of the most valuable private companies globally, rivaling giants like ByteDance, which was valued at $268 billion in 2023.
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FINANCE
Layoff Notices Issued to Boeing Workers

Boeing has issued layoff notices to over 400 members of the Society of Professional Engineering Employees in Aerospace (SPEEA) union, part of a larger plan to cut 10% of its workforce—approximately 17,000 jobs. The layoffs, attributed to overstaffing, come as the company grapples with financial and regulatory challenges, including an eight-week Machinists union strike.

Affected workers, including engineers, scientists, and technicians, will remain on payroll through mid-January and receive severance, career transition services, and health care benefits for up to three months. Boeing’s production challenges persist, with the FAA capping 737 MAX output at 38 planes per month.
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CRYPTO
Crypto Markets Rally After Weekend Dip

Bitcoin has rebounded to $92,000 after its largest two-day retreat since the U.S. election, reflecting market uncertainty over President-elect Donald Trump’s pro-crypto agenda. The digital asset fell nearly 3% over the weekend but recovered as investors reassessed the feasibility of Trump’s promises, including creating a U.S. Bitcoin stockpile and establishing a friendly regulatory framework.

Market Analyst Tony Sycamore noted Bitcoin’s price had become “overheated” following its record-breaking rally since Election Day. Inflation risks, driven by trade tariffs and deficit spending for tax cuts, have tempered investor optimism despite Trump’s crypto-friendly stance.

Under a Trump administration, crypto regulation could shift from enforcement to collaboration, with potential benefits for banks, crypto ETFs, and venture capital. However, JPMorgan analysts view the proposed Bitcoin reserve as unlikely.

U.S. spot-Bitcoin ETFs saw net inflows of $4.7 billion after Nov. 6, though $771 million exited last week, leaving total assets at $95 billion. Regulatory clarity remains key.

Word of the day
Steadfast

Someone described as steadfast is very devoted or loyal to a person, belief, or cause. Steadfast is also used to describe something, such as support, that remains unchanging.

DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research.