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SpaceXled by Elon Muskis reportedly preparing to make a bid next month.
What happened: SpaceX’s offer will allow the sale of existing shares for $135 each, valuing the company at more than $250 billion, Reuters reports.
Musk’s ambition for human exploration of Mars could become a national priority under the Trump administration. The NASA The Artemis program, which aims to use SpaceX’s Starship for lunar missions as a precursor to Mars expeditions, is expected to shift focus to Mars, with unmanned missions targeted this decade.
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SpaceX could push for relaxed rules for the safety of employees and participants during private space flights under the Trump presidency.
Last year, an investigation revealed that more than 600 workers were injured at SpaceX facilities, more than the industry average, raising concerns about the company’s compliance with safety standards.
Why it’s important: SpaceX’s valuation has risen significantly over the past year. In June, the company reportedly achieved a record valuation of $210 billion in a public offering, surpassing its previous estimate of $200 billion. This was driven by significant investor demand.
However, Musk has previously dismissed the possibility of a SpaceX IPO, citing the intense pressure for short-term results that publicly traded companies face.
SpaceX’s dominance in the space sector is further highlighted by its control of two-thirds of the planet’s satellites, thanks to the rapid expansion of its Starlink satellite network.
As of September, SpaceX’s Starlink service connects more than 4 million customers worldwide, demonstrating the company’s significant impact on global connectivity.
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