SpaceX revenue expected to double, soaring to $8 billion

SpaceX is expected to see a significant boost in sales, with forecasts suggesting it will double its revenue to approximately $8 billion in 2023, according to The Information, citing people familiar with the matter.

This projection, shared with select investors, explains the enthusiasm surrounding SpaceX shares, which have outperformed other private tech valuations that have recently been depressed.

Last week, CNBC reported that Elon Musk’s SpaceX valuation reached nearly $150B following an announcement of a stock sale by existing investors. According to a copy of the purchase offer sent by CFO Bret Johnsen, which CNBC obtained, the company has entered into an agreement with new and existing investors to sell up to $750 million in stock at a price of $81 per share.

This represents a 5% increase from the previous secondary sale at $77 per share, which valued the company at approximately $140B. SpaceX has not provided any comments regarding the purchase offer.