By Chris Ciaccia For Dailymail.Com 10/8/2021
SpaceX is now bigger than Lockheed Martin: Elon Musk-owned company hits $100 BILLION valuation after secondary share sale
• SpaceX is now worth more than $100 billion, competitors like Lockheed Martin
• The valuation occurred after a secondary share sale from existing investors
• Investors sold up to $755 million worth of SpaceX stock at $560 a share
• The $100 billion valuation is an increase of 33% from February
• It is the second most-valuable private company behind China's ByteDance, which owns TikTok
Elon Musk's SpaceX is now worth more than $100 billion, surpassing the likes of competitors such as Lockheed Martin after a stock transaction vaulted the company into proverbial orbit.
The extraordinary valuation occurred after a secondary share sale by existing investors earlier this week, according to CNBC, which first reported the news.
SpaceX investors - both new and existing - sold up to $755 million worth of stock at $560 a share in the Musk-led space exploration company, giving it a $100.3 billion valuation, surpassing the value of other space contractors, including Lockheed Martin, which has a market cap of $97 billion.
Lockheed is the primary contractor on the Orion spacecraft and is the only company that has built a spacecraft that has landed on Mars, something SpaceX hopes to eventually achieve.
For comparison purposes, publicly-traded Boeing, which competes with SpaceX for space contracts, has a market cap of just over $130 billion.
More:
https://www.dailymail.co.uk/sciencetech/article-10073263/SpaceX-worth-100-billion-worlds-second-valuable-private-company.html
