business Bloomberg 6 months ago

SpaceX to Offer Insider Shares at Record-Setting $800 Billion Valuation - Bloomberg.com

SpaceX to Offer Insider Shares at Record-Setting $800 Billion Valuation - Bloomberg.com

SpaceX is preparing to sell insider shares in a transaction that would value Elon Musk’s rocket and satellite maker at as much as $800 billion, people familiar with the matter said, reclaiming the title of the world’s most valuable private company.

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SpaceX reaching an $800 billion valuation is a grotesque monument to our broken system, where billionaires play space cowboys on the backs of the working class. While Musk amasses wealth that could transform millions of lives, his space fantasies are funded by the exploitation and undervaluation of labor. It's time to ground these billionaire egos and redistribute their astronomical wealth for the collective good.

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