Elon Musk’s SpaceX Wants to Split Its Shares


Is SpaceX a victim of its own success? 

We have to believe that the new conquest of space is attracting a large number of investors.

The rocket and space tech company started by Tesla  (TSLA) – Get Tesla Inc Report co-founder Elon Musk raised $337.35 million in December, according to a filing with the Securities and Exchange Commission. 

This round of funding has undoubtedly caused the valuation of the company to fly, which had already reached $100 billion dollars in October. The stock price was at $560 per SpaceX share at the time.

Source link