in the 20 years in space exploration Technology's core was established the once Brave space startup
that was struggling to launch its first rocket has developed into an aerospace Behemoth and one
of the most valuable private companies in the world this year marks the 20th anniversary of
the company's founding by Year's End SpaceX will have launched twice as many Rockets as it did in
2021 which set the previous annual record the hawthorne-based corporation also made
big advancements on Fresh projects including its starlink Global Broadband Network and its
enormous Starship spacecraft which it plans to put into orbit for the first time later this year
since its Inception SpaceX has worked on numerous projects and received funding from NASA but SpaceX
recently received some unfavorable news what's that let's investigate hello everyone welcome back
to Elon Musk Evolution where we bring you the most recent news about Elon Musk and his multi-billion
dollar companies space news and the latest science and technology but before we begin make sure
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space exploration Technologies was established in 2002 by Elon Musk and creates produces and
launches Vehicles rocket engines spacecraft and Communications satellites the company's mission is
to make space travel commercially viable so that the moon and Mars can be explored and colonized
for commercial customers as well as NASA and other governmental organizations SpaceX launches rockets
and spacecraft into orbit in order to reduce operational costs SpaceX is leading the way
in the utilization of reusable booster Rockets the business organizes commercial space tourism
missions in addition to operating shuttle flights for NASA to and from the International Space
Station more than 40 countries now have access to the internet thanks to starlink a company
owned by SpaceX that has launched hundreds of its satellites into orbit since January
2020. since the Russian invasion in February 2022 starlink has allowed Ukraine to continue to have
access to the internet four hundred thousand starlink customers as of June up from 250
000 as of March according to SpaceX Elon musk's space exploration Technologies or SpaceX is
offering to sell Insider shares in a tender worth 140 billion dollars according to the most recent
Bloomberg report the offer values the shares at 77 each a significant increase from spacex's current
valuation of 127 billion dollars in July according to previous Reuters reporting discussions had
reached up to 85 dollars per share indicating that the company's value has dropped from 150
billion dollars SpaceX has not disclosed how much money it plans to raise through the offering
spacex's valuation places it among the most valuable private companies in the U.S according
to crunch-based data as of 14 December SpaceX has received more than 9.8 billion dollars in
funding from 32 rounds the most recent was a 250 million dollar private Equity round in July 2022
with three investors according to SpaceX valuation history the company's value surpassed one billion
dollars in 2010 it has since risen from around 33.3 billion dollars in May 2019 to 46 billion in
August 2020. 100 billion in late October 2021 and 127 billion in July 2022 in three years spacex's
market value has quadrupled it is one of the few companies whose value has increased in 2022.
spacex's valuation at 140 billion dollars would tie it with bite dance as the world's
largest unicorn a startup or private company with a market value greater than one billion dollars it
has surpassed the Aerospace behemoths Boeing 111 billion and Lockheed Martin 126 billion according
to a tweet by podcaster and micro VC fund manager Harry stebbings SpaceX is one of the most
in-demand companies for secondary share offerings as investors seek to diversify their portfolios
SpaceX stock was valued at 61.6 billion dollars in musk's personal Holdings according to a Bloomberg
billionaires index estimate that he owned 44 percent of the company as of December 2022.
musk's stake in SpaceX was in addition to his Holdings in Tesla the boring company and Twitter
the increase in the value of SpaceX would increase his net worth by about 7 billion
dollars offsetting some of the recent losses in the value of Twitter and Tesla
according to reports the share offering will assist SpaceX employees and shareholders in
cashing out their shares SpaceX has frequently provided liquidity for employees and early stage
investors to sell their shares on the secondary Market without having to wait for the company
to be listed on a public Stock Exchange musk reportedly told SpaceX employees in June that
the company could spin off starlink into a separately publicly traded business in 2025
or later once its cash flow is more predictable to finance its expansion plans despite spacex's
High valuation there is no indication that the company will go public in the near future
Gwen Shotwell spacex's Chief Operating Officer previously told CNBC that the company is unlikely
to go public until it is regularly flying to Mars musk has also stated that the company's long-term
goals are not compatible with the short-term demands of public shareholders if the company
does go public in the future it will be some time after starlink's initial public offering
spacex's revenue is not publicly disclosed because it is a private company but it could have earned
a few billion dollars from launch sales and the starlink internet service according to a payload
space analysis published in October the company's Revenue in 2022 could total 3.25 billion dollars
with 2.27 billion dollars from Mission launches and 980 million dollars from starlink the company
may need to raise external Capital to fund its costly operations and development while increasing
its starlink subscriber base generates more free cash flow since the launch of its Falcon 9
rocket in 2010 SpaceX has pioneered a significant reduction in launch costs making space far more
accessible according to a report by U.S Investment Bank Citigroup revenue for manufacturing launch
services and ground equipment will make up the majority of the revenue growth in the
satellite sector however the fastest growth rate is expected to come from new space applications
and industries with revenue forecast to rise from 0 to 101 billion dollars over the period NASA has
awarded SpaceX a 1.15 billion dollar contract to upgrade its Starship lunar lander and fly a
second crude mission NASA announced on November 15 that it had completed a contract modification
for what is formerly known as option b of its human Landing system contract with SpaceX option
b includes 2.9 billion dollars in upgrades to the Starship Lander that NASA originally selected for
hls in April 2021 a second crude demonstration Landing mission is also available as an option
continuing our collaborative efforts with SpaceX via option b strengthens our resilient
plans for regular crude transportation to the lunar surface and establishing a long-term
human presence under Artemis NASA hls program manager Lisa Watson Morgan said in a statement
this critical work will assist us in focusing on the development of long-term service-based lunar
Landers that are anchored to NASA's requirements for recurring missions to the lunar surface
NASA announced its intention to exercise option b in March when it unveiled its sustaining lunar
development initiative to fund the development of a second Artemis crude lunar lander
SpaceX was unable to compete for the sld award but NASA announced that it would instead exercise the
option in spacex's original hls award to upgrade Starship for later Artemis missions that will
carry more astronauts and stay on the moon for longer periods of time when NASA announced its
intention to exercise option b it was unclear when the second mission would launch even so agency
officials announced last month that the option b Mission would be Artemis 4 a mission that NASA
previously planned to dedicate to work on the lunar Gateway and would not include a landing
the Lander chosen for development under sld would fly its demonstration Mission no earlier than
Artemis V but on December 22 NASA is seeking industry ideas on how to relaunch the Hubble
Space Telescope into orbit indicating that the agency is looking Beyond SpaceX for any mission
to extend the orbiting observatory's life on December 22 NASA issued a request for information
to Industry asking how they would demonstrate commercial satellite servicing capabilities by
raising Hubble's orbit according to the agency it is looking for technical information on how
a company would carry out the mission as well as the risks involved and the likelihood of success
in the RFI NASA stated that it had no plans to procure a mission to relaunch
Hubble the document stated that Partners would be expected to participate and undertake this
mission on a no exchange of funds basis with companies responsible for the mission's cost
in the RFI NASA stated that its interest in a Hubble reboost demonstration was a component of
larger initiatives to facilitate satellite upkeep particularly of outdated government spacecraft
with a rising and maturing commercial space economy NASA intends to engage with private
entities to demonstrate capabilities to operate and Supply in-space Services the agency stated
but over three months have passed since the NASA announced a space act agreement with
SpaceX to investigate a crew dragon mission to Hubble in order to give it a boost and
maybe perform maintenance on the observatory the suggested Mission might be carried out as
a part of the private astronaut missions funded by billionaire Jared isaacman's Polaris program
when this statement was made representatives of NASA suggested they would be open to such
deals with other businesses when asked how NASA will take into account alternative satellite
maintenance Alternatives Thomas zerbukin NASA associate administrator for science responded
on a call with reporters regarding the SpaceX agreement we at Nasa will look at any or all
choices that are in the interest of the taxpayer however there was no official method to consider
those choices prior to the publication of the RFI only that its collaboration with SpaceX was
non-inclusive and that other businesses could propose related studies was all NASA had to say
NASA stated that the SpaceX study is ongoing in a statement on December 22 but gave no
further details a preliminary draft of an out brief about the study was due eight weeks into
the project and a final version was due 24 weeks later per the agreement's terms
and that ends today's episode what do you think of this episode and do you think there is a private
space company that can do better than SpaceX let us know in the comment box below please subscribe
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