The valuation of Elon Musk’s SpaceX crossed $100 billion following a share sale by existing investors announced this week, CNBC has learned.
SpaceX has an agreement with new and existing investors to sell up to $755 million in stock from insiders at $560 a share, according to multiple people familiar with the deal — increasing the company’s valuation to $100.3 billion. The company did not raise new capital at this time, sources said, with the purchase offer representing a secondary sale of existing shares.
The new share price is an increase of 33% from SpaceX’s last valuation of $74 billion at $419.99 a share in February, when the company raised nearly $1.2 billion. The company had a similar secondary transaction in February, with a deal for insiders to sell up to $750 million at the time.
Tesla Giga Shanghai has officially exceeded the Fremont Factory’s output, according to Elon Musk’s calculations. As Tesla’s main export hub, Giga Shanghai’s output will play a significant role in the company’s global growth.
“We have three new factories. Giga Shanghai has done an incredible job. And Giga Shanghai now exceeds Fremont in production,” Musk announced at the 2021 Annual Shareholders Meeting.
Musk pointed out that Tesla Giga Shanghai took roughly 11 months to build and reached full volume production a year later. Since Giga Shanghai started operations, Tesla’s production and delivery numbers have noticeably increased.
It’s okay, you’ve not clicked on “Green Plane Reports”, but every so often something from beyond the world of cars catches our attention.
This time, it’s electric flight. The concept is nothing new, and it’s even been alluded to by people like Elon Musk of Tesla, but for the time being it remains a true flight of fancy, rather than a working concept for passenger transportation.
When it surfaced two months ago, the notion of Teslas whizzing through underground tunnels between San Antonio International Airport and downtown seemed fanciful.
Now, there’s a sign the idea may have gained some traction.
The Boring Co., a tunneling firm backed by billionaire Elon Musk, has been talking to local leaders about building an underground transportation loop in San Antonio. Musk is the CEO of electric-vehicle maker Tesla, as well as the founder and CEO of SpaceX.
Elon Musk’s robotic humanoid the Tesla Bot was recently revealed at AI day, how will this help with the SpaceX mission to colonize Mars? Let’s review all of the news and updates around the Tesla Bot, and how it will help with the SpaceX mission to colonize Mars.
Elon Musk reiterated Tesla’s commitment to China, stating that the company will continue to invest in the country. Musk made his announcement at a pre-recorded question-and-answer session at China’s Cyberspace Administration’s Global Digital Conference. Musk has hailed the country that is vital to his electric vehicle company for the second time this month, calling it as a “global leader in digitalization.” As per Mr. Musk’s comments made during another pre-recorded webcast at the World New Energy Vehicle Congress less than two weeks earlier, Chinese automakers were the “most internationally competitive.” Musk was enthusiastic in his praise for the nation that is vital to Tesla’s electric vehicle business, and his remarks came as the company works to repair its image in China. Musk stated, “I have a lot of respect for the various Chinese automakers who are driving these (EV) technologies.” Musk stated Chinese carmakers are among the best at software, which he claims will “shape the future of the vehicle industry” during his three-minute speech. “My honest view is that China invests a lot of resources and efforts adopting the latest digital technologies in various areas, including the automotive industry,” Musk said in a recent video. China has become a global leader in digitalization in the vehicle industry.” “Tesla will continue to boost its investment and research and development efforts in China.” However, negative coverage of Tesla has also grown in China over the last year. In one high-profile case, a woman claiming to be a Tesla customer protested an apparent brake failure in her car at the Shanghai auto show in April. Tesla was accused of having an “arrogant and aggressive approach” in China, according to official media, after a video of the incident went viral on Chinese social media. But now, Tesla has been attempting to repair its image in China following a barrage of negative headlines. The corporation has been under governmental scrutiny for its privacy practises, as well as several recalls in China. Some state and military employees are apparently restricted from driving Tesla electric vehicles. Musk emphasized data protection in his speech and outlined the many types of data that are stored locally. “At Tesla, we’re pleased to see a bustle of fresh laws and regulations targeted at enhancing data handling,” Musk remarked. In the past, the corporation is said to have broken ground on a big Shanghai facility. According to Reports, Tesla sold 44,264 Made-in-China automobiles by August 2021. There were 31,379 for export, which marked an increase over July’s 32,968 made-in-China automobiles sold and June’s 33,155 units sold. Local EV firms like Xpeng Inc., Li Auto Inc., and Nio Inc. are also posing a threat to Tesla in China. Last month, shipments of China-made cars to domestic purchasers increased, and exports from the company’s Shanghai factory — largely to Europe — increased. As a result, Tesla’s overall China shipments increased 34% from July to 44,264 units in August. According to sources, Tesla momentarily suspended some tasks at its Shanghai factory last month due to a global shortfall of semiconductors. Because of a shortage of crucial chips, a portion of a production line at the China plant was shut down for nearly four days in August. Tesla created a data centre in China to contain all of the data generated by our businesses there, which include manufacturing, sales, service, and charging. All personally identifying information is kept secure in China and is never sent abroad. Data is only permitted for international transfer in very rare instances, such as spare parts orders from overseas.” Tesla is acting in response to new Chinese government regulations governing how carmakers with cameras and sensors collect and use data. Tesla also said in a statement that it was “glad to hold discussions with industry experts” regarding new data security requirements for automobiles in the country. “Data security in automobiles is critical. Tesla will make every effort to maintain data security by implementing automotive data security management.”
After weeks and days of hardworking, SpaceX is gearing up to launch the Starship into orbit, the biggest test yet for the ship designed to send humans to Mars and beyond. The whole world, including us and you, are waiting for the promised day that will be covered in this video. Huge thanks to all these amazing SpaceX Artists. Please follow them and support them through Payoneer and Twitter. ErcXSpace: https://bit.ly/3ha4HFe. Smallstars: https://bit.ly/3heQgja. IamVisuals: https://bit.ly/35Z3POh. SpaceXVision: https://bit.ly/3xWTpeb. DeepSpaceCourier: https://bit.ly/3y0hTmS C-Bass Productions: https://bit.ly/35Z25F0 HazeGrayArt: https://bit.ly/3hcfgHM Jochem Laurenssen: https://bit.ly/3vVIJuU TijnM: https://bit.ly/3x2IWxK AlexanderSvan: https://bit.ly/3djK9J4 NickHenning3D: https://bit.ly/36bsSy1 EvanKaren: https://bit.ly/3h1gmqV NasaSpaceFlight: https://bit.ly/2TKU2sL Kimitalvitie: https://twitter.com/kimitalvitie. Neopork: https://twitter.com/Neopork85 AlexanderSvan: https://bit.ly/3jmOD3P RGV Aerial Photography: https://bit.ly/37n1duw. StarshipGazer: https://twitter.com/StarshipGazer. Ocean Cam: https://twitter.com/obetraveller. LabPadre: https://twitter.com/LabPadre. Spadre: https://twitter.com/SpacePadreIsle. 3Ddaniel: https://twitter.com/3DDaniel1 StarshipBocaChica: The firm is preparing for the Starship’s first orbital flight, which will see the under-development rocket take off from the Starbase facility in Texas and land off the coast of Hawaii. On August 15 CEO Elon Musk declared via Twitter that the ship would be ready for the flight “in a few weeks, pending only regulatory approval.” Musk first unveiled the predecessor to the ship in 2017 under the name “BFR,” SpaceX designed the fully reusable vessel to send over 100 tons or 100 people into space at a time. It can replace the firm’s existing rockets like the Falcon 9 and Falcon Heavy, while also taking on more ambitious goals like sending humans to Mars and beyond. The ship uses liquid oxygen and methane as its fuel — meaning that, in theory, astronauts will be able to go to Mars, use the planet’s natural resources to generate more fuel, and use that to return home — or possibly venture out further. The flight will be around 90 minutes. The special thing about this start would be the fact that both stages would be in use – the Super Heavy Booster (BN4) and the Starship (SN20). The booster would ignite its Raptor engines for two minutes and 49 seconds, come down in the Gulf of Mexico and attempt a landing. Musk confirmed on Twitter that the team has decided the booster will use 33 engines to offer 500,000 pounds of sea-level thrust. These engines will all be the same, except for the outer 20 which will lack some of the more complex controls. SpaceX is not waiting around to start these missions. The firm is aiming to send the first humans to Mars by the mid-2020s, before establishing a self-sustaining city on Mars as early as 2050. It could all start with the Starship — and at around 400 feet when paired with the Super Heavy booster that lifts it away from the Earth, this thing is huge. It greatly eclipses the Falcon 9 which measured less than 230 feet tall. It’s also powerful, with a liftoff thrust of 16 million pounds. SpaceX announced at the launch of the plans that it “intends to collect as much data as possible during the flight to quantify the dynamics of entry and better understand what the spaceship is experiencing during such a flight that is extremely difficult to predict or accurately is to be replicated arithmetically.“ In comparison to the Saturn V, which is a rocket built by NASA; the Starship is taller than the Saturn V. It stands 394 feet (120 meters) tall, weighs 11,000,000 pounds (4,989,516.07 kilograms), and is made of stainless steel alloy. According to SpaceX, Starship will be the most powerful launch vehicle ever developed and looks like this (SN15 Prototype). WHAT IS THE PLAN? In May 2,021 a document from the Federal Communications Commission revealed the plan for the first flight. The ship will take off from the firm’s Starbase, Texas, launch facility. Around two minutes after liftoff, at 171 seconds, the Super Heavy booster will separate from the Starship. The ship will continue to complete a targeted landing around 60 miles northwest of the coast of Hawaii. The whole flight will last around 90 minutes. SpaceX will not land the booster or the ship on land. The booster will land in the Gulf of Mexico, around 20 miles offshore, at 495 seconds or eight minutes after launch. The ship will complete a targeted powered landing in the sea. #spacex #starship #sn20
Elon Musk spoke with journalist Kara Swisher at the Code Conference on September 27 2021 for a wide-ranging conversation. In typical style, Musk made a number of predictions about the future, many of them having to do with his own portfolio of technology companies.
