SpaceX Moves its Incorporation from Delaware to Texas

[Yazata]

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[C C]

Cynic's Corner: The so-called Haven State, at least until the "we don't understand cause and effect" crowd fleeing there from expensive states like California reaches the number where they can vote in the same kind of Lord Protectors in Texas (high taxes, costly excessive standards and preconditions to satisfy, fees, levies, charges, massive paperwork, lockdowns, etc).

Just processing and accommodating the constant deluge of Biden migrants, as well bussing them to hypocritically complaining "welcoming" sanctuary cities, has to be racking be up a significant financial burden that's got to be allayed somehow.

Enjoy your once semi-secret and secluded refuge for what period is left, long-time residents. It's days are numbered.

[Yazata]

Well, I guess we found out what will be going in the new office building at Starbase...

Elon has just announced that SpaceX is moving its company headquarters from Hawthorne to Starbase.

SpaceX is the world's largest aerospace company by valuation. This move will really put Starbase Texas on the map.

https://x.com/elonmusk/status/1813290895334383820

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And X (formerly Twitter) is moving from San Francisco to Austin

https://x.com/elonmusk/status/1813295489032622586

Elon goes full-Texas

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[Yazata]

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[Yazata]

Bloomberg is reporting that the end of the year opportunity for insiders (employees and various friends of Elon investers) to sell shares, values SpaceX at $350 billion. If true, this is a 40% increase over its $250 billion valuation at its last share sale in June. It would definitely establish SpaceX both as the world's most valuable private company (a company whose shares aren't publicly traded on an exchange) and as the world's most valuable aerospace company.

Apparently Flight 5's success (and Trump's election victory) created a stampede among investers who want a piece of SpaceX. And given that Elon owns close to half of SpaceX, it increases his net worth by about $50 billion. Tesla shares have been rising like a rocket too, with that company valued at roughly $1 trillion. (Elon owns about 13% of Tesla.)

Of course these latest SpaceX numbers reported by Bloomberg are totally unconfirmed.

https://www.bnnbloomberg.ca/business/com...valuation/