A recent news story quoting sources states that SpaceX intends to offer insider shares for $97 a piece in a tender offer, signifying a major price rise. The space and satellite company’s valuation has increased to around $180 billion as a result of this price boom, it continued.
According to sources, the tender offer that was first mentioned and was valued at $95 a share with a range of $500–750 million has now increased to $97 per share. The rocket industry is currently one of the most valuable private companies in the world, valued at about $150 billion.
According to sources, Musk’s X (formerly Twitter) is expected to earn roughly $2.5 billion in advertising income in 2023, a sharp decline from previous years.
The study also stated that for each of the first three quarters of this year, X brought in little over $600 million in advertising income. According to sources, the current period is likely to perform similarly, which is a significant decrease from over $1 billion per quarter in 2022.
Two insiders claim that ad sales currently account for 70–75 percent of X’s overall revenue. With subscription and data license fees taken into account, this estimate places 2023 sales at approximately $3.4 billion.
Advertisers are concerned about X’s content filtering strategy under Musk’s ownership, as highlighted by recently released sales data. Posts by the new owner that promote extreme viewpoints, including antisemitic material, have generated a lot of controversy.
X’s leadership had set a $3 billion income target for 2023 from advertising and subscriptions, but one source indicates that they will likely fall well short of this amount. The article also stated that as the results of the holiday quarter are still pending, the ultimate annual total is still unknown.
