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Elon Musk Teases potential SpaceX Starlink IPO and Private share sale · Elon Musk Podcast

• 0:00
  Hi everybody and welcome back to the Elon Musk podcast.
• 0:03
  Today's episode is centered around SpaceX and more
• 0:07
  importantly, the 150 billion dollar valuation, it could be
• 0:13
  happening right now. So California.
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  Private space launch giant. Space X is currently in talks to
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  sell Insider shares which could potentially hike the company's
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  valuation to a staggering 150 billion dollars, a should these
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  discussions materialize SpaceX, which is owned by Tech magnate,
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  Elon Musk will leap to become the most.
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  Highly valued startup in the United States as per these
• 0:39
  insiders who wished to remain anonymous.
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  The company has reportedly pushing a tender offer worth an
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  estimated seven hundred and fifty million dollars.
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  The shares involved in this transaction are to be traded
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  over $80 each and to put things at a perspective SpaceX is
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  valuations sword, to 137 billion dollars.
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  Earlier in January following an investment injection of 750
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  million dollars. Now according to our sources,
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  The Current financial position of SpaceX is robust with
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  approximately 5 billion dollars in liquid assets on their
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  balance sheet. And despite our efforts based
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  sex Representatives weren't available to provide a comment
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  on these claims. And while the size of the tender
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  offer could fluctuate, depending on the interest level, from
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  prospective buyers and current Insider sellers The Insider
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  shares. There's should significantly
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  boost the firm's valuation how these recent developments
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  present in intriguing opportunity to observe the
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  ever-growing commercial space launch industry.
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  It SpaceX is at the Forefront of Hawthorne, California.
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  The headquarters of SpaceX has considerably shaped this space
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  launch market over the years. It's emerged as the industry's
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  top player, launching payloads for both, private sector
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  clients, and various government agencies, including NASA and the
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  Department of Defense, The company has been involved in a
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  myriad of operation such as transporting astronauts to the
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  International Space Station and also executing their first
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  private space tourism mission for civilians.
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  Now just last Friday SpaceX further boosted that space
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  capabilities by deploying over 50.
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  Starlink satellites, these new installation serve to enhance
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  its already. Vast consolation which means
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  broadband internet coverage. Back to Earth, investors and
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  Industry analysts have been Keenly, observing the company,
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  especially starlink speculating, whether musk will eventually
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  decide to spin off. Starlink as a subsidiary, a musk
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  has previously hinted at this possibility, indicating it would
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  occur once the cash flow stabilizes.
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  According to Bloomberg SpaceX is share sale, would price the
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  company shares around $80 to $81 aiming to secure an investment
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  of 750 million dollars. Overall, this news was
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  subsequently confirmed by The Wall Street Journal.
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  Now SpaceX made headlines earlier in the year when it
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  clicks the title of the highest u.s. valued startup.
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  Now this accomplishment follow to successful fundraising rounds
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  in May and December each raising the company's value to 125.
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  Billion and 140 billion dollars. Respectively, now, throughout
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  its history, the company has resorted to private fundraising
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  and employee share sales as a strategy for both raising funds
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  and rewarding employees. Father than 2022.
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  SpaceX has seen its value Skyrocket in recent years fueled
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  by its increased activities. In Space.
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  The company has fostered strong Partnerships with NASA and
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  various firms and has successfully launched starlink a
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  satellite internet service that now both.
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  It's the world's largest commercial customization of
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  satellites. Investors have pinpointed the
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  high profit potential of styling, designed to improve
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  internet access to remote. And rural areas is a primary
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  driver of the company's value. And in more recent news SpaceX
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  made headlines when it's gargantuan Starship rocket
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  detonated, shortly after launch, and despite the explosion must
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  stated that, the launch was somewhat better than
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  anticipated. And during a Saturday morning
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  Twitter, space with Bloomberg's Ashley.
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  Musk estimated that approximately two billion
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  dollars has been spent on Starship in the figure could
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  potentially reach 3 billion by the end of the year.
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  He also mentioned possible upgrades to the rocket design
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  and launch pad, which could be completed in about four to six
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  weeks. Indicating another launch might
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  be in the cards for this year. However, not all reaction to the
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  April launch were positive. Environmental groups have filed
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  lawsuits against the FAA, for approving the launch alleging
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  that they fail to establish. Assess the environmental impact
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  of the launch and subsequent explosion, probably the launch
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  photos emerge depicting, the crater left by the rocket on the
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  launch pad. Which many hope will be
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  addressed by the aforementioned upgrades.
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  And despite attempts to see comments Basics, didn't respond
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  to any of our queries about this on Saturday morning.
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  And as this story develops, it continues to highlight the
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  growing influence of commercial, spaceflight in the
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  ever-changing, landscape of the space industry, make sure to
• 5:13
  subscribe to it on whatever podcast platform you're on.
• 5:16
  On right now or follow it because we will be bringing you
• 5:19
  more about this starlink IPO as it's happening and also Starship
• 5:23
  news and all the SpaceX news that you'll ever need.
• 5:26
  So please take a second, hit the Subscribe button or the follow
• 5:30
  button on whatever podcast platform you're on and also
• 5:32
  please take care of yourselves and each other and I'll see you
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  in the next one.