Elon Musk’s SpaceX reached a valuation of $350 billion through a $1.25 billion secondary share sale at $185 a share, with SpaceX purchasing $500 million in common stock. This valuation marks a 67% increase from its previous high of $210 billion in a June sale, showcasing the company’s financial strength and dominant position in the space industry. SpaceX’s Starlink satellite internet business and ongoing development of the Starship rocket are key drivers of its success, with the company maintaining a near-monopoly in the U.S. satellite launch market and aiming to revolutionize space travel.
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Evening news wrap: Noida victim’s family recalls 9 years of torture; PM Modi’s DU degree not to be made public & more
File photo In Greater Noida, the family of dowry victim Nikki, who was tortured and set ablaze by her in-laws, demands justice after nine years of escalating harassment. Meanwhile, the Delhi High Court has quashed a CIC order to disclose PM Modi's BA degree records, and Arvind Kejriwal criticizes Amit Shah's defense of a bill affecting lawmakers with serious charges. Want More Context? 🔎
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