US EditionAlphabet poised for another paper gain as SpaceX valuation jumps
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7 Articles
Alphabet poised for another paper gain as SpaceX valuation jumps
Alphabet Inc. is set to book another sizable paper gain after SpaceX completes a tender offer that effectively values the closely held company at about $800 billion. SpaceX’s insider share sale was priced at $421 a share, Bloomberg reported Friday, which would mark a sharp jump in valuation from earlier secondary transactions. That is likely to lift the carrying value of Google’s long-standing investment in Elon Musk’s rocket and satellite compa…
A sale of insider shares of SpaceX fixes a valuation of US$800 billion. The post News of the market on Monday 15 December appeared first on Les Affaires.
SpaceX, one of the companies founded by the world's richest man Elon Musk, is aiming to reach a market value of $800 billion. The company is preparing to hold an internal share sale in the near future, which will allow employees to sell their shares at the company's proposed price. In October, OpenAI, the developer of the ChatGPT platform, surpassed SpaceX as the world's most valuable private company when its valuation reached $500 billion. Now,…
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