SpaceX plans to sell shares next month at $150B valuation — same as summer 2023: sources

The rocket-fueled rise of Elon Musk’s company 🔯SpaceX appears to be stalling out, with the firm planning to sell shares next month in a deal th🐓at prices them around the same level as this summer, The Post has learned.

The closely held company — whose satellite-launching Starlink unit has reportedly struggled to meet profit goals despite rampant growth — is planning to launch a tender offer in December valuing SpaceX at around $150 billion, the same price tag it was assigned in a .

SpaceX’s July tender, which raised $750 million in cash, according to Bloomberg, followed a similar deal in January that also had .

Terms of that tender had represented a steady climb from May 2022, when SpaceX was valued at $125 billion.

Launc🐈hing a tender offer next month appears to confirm that Musk is not considering a near-term IPO for its Starlink satell꧙ite division.

🌳that Musk was discussing a ༺possible Starlink IPO for as early as late 2024.

Musk on Nov. 15 posted on his X platform that ”

Meanwhile, there are🌟 reasons Musk may not be looking for an increased SpaceX valuation.

“Investors are s🔥till unsure about the direction of Starlink,” one of the sources with knowledge of the tender said, adding that Starlink accounts for most of SpaceX’s value.

Starlink in 2022 r💫eported $1.4 billion in revenue and a loss for the year, that revealed how Starlink has lagged iဣnvestor expectations.

In 2015, SpaceX forecast that Starlink would have 20 m꧅illion customers. In 2022, it had slightly more than one million.

Musk gave a more upbeat take on financials .

“Excited to announce that Starlink has achieved breakeven cash flow! Excellent work by a great team. Starlink is also now a majority of all active satellites and will have launched a a majority of all satellites cumulatively from Earth by next year.”

Nevertheless, SpaceX isn’t currently planning to raise the valuation in next month’s tender, insiders said.

By staying conservative, Spa😼ceX can attra💦ct investors without avoid answering uncomfortable questions, sources added.

“If anything, there is confus🍌ion,”𒅌 the source said.

SpaceX’s new Starship rocket, designed for trips to the Moon and Mars, took off from Texas on Nov. 18 and reached space before both the booster and the spacecraft were lost in a pair of explosio꧋ns minutes into the test flight.

Spokespeople for SpaceX෴ and༒ Musk did not return calls.