SpaceX's market capitalisation rose from $175bn to $180bn in one week

During the week, the market capitalisation of the aerospace company SpaceX increased by $5 billion, Bloomberg reports.

Here's What We Know

Last week, it was reported that SpaceX will sell a new package of securities owned by employees at a price of $95 per share. According to Reuters, the share price rose by $2 and the market capitalisation increased from $175bn to $180bn.

SpaceX retains its status as a private company, so it may not disclose its capital structure. It is expected to generate revenue of $9bn at the end of this year. In the outgoing year, the company performed more than 90% of space launches in the US.

This year, Starlink service stopped making losses for the company and the number of subscribers exceeded 2 million. In low Earth orbit, SpaceX has already successfully managed to deploy more than 5,100 Starlink and Starlink V2 mini internet satellites. With the Starship in operation, the company will be able to deliver Starlink V2 vehicles into space.

Meanwhile, the US Federal Communications Commission has denied the company nearly $1bn in subsidies. SpaceX with the Starlink project took part in a government programme to provide Internet access in remote areas of the United States.

Source: Bloomberg