SpaceX stock: Elon Musk's space exploration company is private

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SpaceX stock: Elon Musk's space exploration company is privately held

SpaceX is a private company specializing in space launches, has previously raised funds from both NASA and the United States Department of Defense. Because it's a private company, it's not easy for an ordinary person to buy stock. There are firms, like EquityBee, that allow people to invest in companies prior to their Initial Public Offering.

SpaceX is not currently publicly planning to become a public company, but it is reportedly considering a sale of employee stock shares, which would increase its valuation to $150 billion. SpaceX has previously soughtIn 2018 Musk tweeted that he had"funding secured" to take electric vehicle manufacturer Tesla private.

. Musk denied this allegation and two days later on September 29, 2018 settled the SEC's fraud charges, agreeing to pay $40 million in penalties and stepping down as Tesla chairman.hearing the investors' lawsuit that he was counting on the sale of SpaceX stock to take Tesla private. "SpaceX stock alone meant 'funding secured' by itself. It's not that I want to sell SpaceX stock, but I could have, and if you look at the Twitter transaction — that is what I did. I sold Tesla stock to complete the Twitter transaction. And I would have done the same here," Musk told the court.Sign up for notifications from Insider! Stay up to date with what you want to know.

 

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