SpaceX's valuation reached $150B after a secondary stock sale by existing investors.

 

SpaceX's valuation reached $150B after a secondary stock sale by existing investors.  The space company allows investors and employees to sell shares twice per year. The secondary sale at $81 per share represents a 5% increase from the previous period.  The company has launched approximately 5,000 Starlink satellites to low Earth orbit.  SpaceX expects to spend up to $2B on Starship development this year. Last year, CEO Elon Musk said Starlink is not likely to go public before 2025.