It appears Elon Musk’s SpaceX is now worth $175 billion – that’s more than Disney or Comcast

by MMC
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The potential valuation would position SpaceX among the most valuable companies in the world, surpassing Comcast and Disney – both worth around $167 billion.

Founded in 2002 by Musk, SpaceX aims to colonize Mars and is a precursor in the space race. In the first nine months of the year, it made 69 orbital launches, compared to 30 for China’s space agency, its closest rival, according to the space analytics company. BryceTech.

The company’s second test flight of its Spaceship Mega Rocket failed again in November, but flew further than its first explosive launch.

Starship is the heaviest space launch vehicle to date and aims to be fully reusable and used to transport passengers to Mars.

After two years of losses, the company posted a $55 million first-quarter 2023 profit on revenue of $1.5 billion, the Wall Street Journal reported.

Musk reports refused Last month, SpaceX was considering an IPO of Starlink, its satellite internet division, as early as next year.

SpaceX did not immediately respond to a request for comment from Business Insider, made outside of normal business hours.

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