Market Chatter: Twitter Investors' Stake in SpaceX Could Be Worth $100 Billion

MT Newswires Live05-15 22:03

Investors in Twitter, the social media platform now known as X, could own a stake in SpaceX worth roughly $100 billion if Tesla (TSLA) chief Elon Musk's aerospace and AI company achieves an initial public offering valuation of $2 trillion, Bloomberg reported Friday.

Backers like Oracle (ORCL) co-founder Larry Ellison, Andreessen Horowitz and Bill Ackman's charitable foundation stand to earn a nearly 200% return on their equity investments, according to the report.

Musk acquired Twitter for $44 billion in 2022 and merged it with his AI company xAI in March of last year. That business was then combined with SpaceX in February, according to the report.

SpaceX has filed confidentially for an IPO that could take place in June at a more than $2 trillion valuation, which would give X shareholders the ability to cash out of their investments, Bloomberg reported

SpaceX and Oracle did not immediately respond to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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