SpaceX's Valuation Soars to $180 Billion, Surpassing Defense Contractors and Telecom Giants

SpaceX's valuation has increased to $180 billion based on an ongoing secondary share sale, confirmed on Wednesday. The company is discussing an agreement to sell existing shares to investors at $97 per share, expected to close in January. This values the company 20% higher than its previous $150 billion valuation from a July secondary share sale at $81 per share. At $180 billion, SpaceX's valuation exceeds prominent American defense contractors like Boeing, Lockheed Martin, and Northrop Grumman, as well as telecom giants like Verizon and AT&T. SpaceX dominates US satellite launches with its Falcon rockets and provides satellite internet to over 2 million Starlink subscribers.