SpaceX Rockets to Record-breaking $175 Billion Valuation in Private Market

Elon Musk's SpaceX is reportedly in talks to sell between $500 million and $750 million of its stock at a valuation of $175 billion or more, making it more highly valued than any IPO in U.S. history. This marks a substantial increase from the company's previous valuation of $150 billion in July. SpaceX is expected to bring in revenues of $9 billion in 2023 and has a dominant position in the space transportation market. Despite rumors of a potential IPO for its satellite business, Starlink, Musk has denied these reports and expects a public offering to happen in 2027.