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Elon Musk’s Space X rocket company is considering raising funds that could value it at £275bn.
The California-based group, which tycoon Tesla founded in 2001, is considering an offer for insiders to sell shares that would allow early backers and some employees to cash out.
If the share sale values Space
The group continues to see demand for its products, such as reusable rockets from space agencies.
Liftoff: SpaceX, founded by Elon Musk in 2001, is considering an offer for insiders to sell shares that would allow early backers and some employees to cash out.
Space X’s Dragon spacecraft is executing a supply mission for NASA to the International Space Station.
The company is also conducting experimental flights of its Starship rocket, which it calls the “most powerful launch vehicle” ever built.
Musk, 53, has made no secret of his desire to see humans land on Mars.
It’s a goal backed by President-elect Donald Trump, who is reportedly interested in getting astronauts to the red planet during his second term.
Space X’s other major project is Starlink, a satellite network designed to provide high-speed Internet to anywhere in the world.
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