Nov 17, 2016

SpaceX filed with FCC to operate 4400 satellites and Elon Musk SpaceX shares are worth $8.1 billion

Posted by in categories: Elon Musk, internet, satellites

Today, SpaceX filed with the FCC to obtain the rights to operate 4,400 satellites to offer internet services from orbit, a plan that was announced last year.

Elon Musk’s trust currently owns 54% of the outstanding stock of SpaceX and has voting control of 78% of the outstanding stock of SpaceX.

Google and Fidelity’s investment valued SpaceX at roughly $15 billion. Therefore, Elon’s shares of SpaceX are worth $8.1 billion.

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