Soaring SpaceX, Troubled Twitter: Musk's Tale of Musk's Dual Realities
SpaceX, Elon Musk’s renowned space transportation company, has reached a staggering valuation of nearly $150 billion, according to Bloomberg reports.
Photo Source- GOOGLE
Existing shares are being offered at over $80 each, indicating an upward trend in the company’s stock value.
Photo Source- GOOGLE
Yet, it’s critical to note that this represents a secondary sale of shares rather than a new influx of capital.
Photo Source- GOOGLE
Earlier in the year, Musk had claimed no anticipation of needing further funding for various SpaceX initiatives.
Photo Source- GOOGLE
Simultaneously, Elon Musk is also tackling issues with Twitter, another major company under his wing.
Photo Source- GOOGLE
Musk’s comment, We need to reach positive cash flow before we have the luxury of anything else, speaks volumes about his priorities for Twitter.
Photo Source- GOOGLE
Twitter’s downturn followed Musk’s acquisition of the company in October.
Photo Source- GOOGLE
The juxtaposition of SpaceX’s valuation soaring and Twitter’s struggles under the same leadership is an intriguing narrative to follow.
Photo Source- GOOGLE
MORE STORIES