Is SpaceX a victim of its own success?
We have to believe that the new conquest of space is attracting a large number of investors.
The rocket and space tech company started by Tesla (TSLA) – Get Tesla Inc Report co-founder Elon Musk raised $337.35 million in December, according to a filing with the Securities and Exchange Commission.
This round of funding has undoubtedly caused the valuation of the company to fly, which had already reached $100 billion dollars in October. The stock price was at $560 per SpaceX share at the time.
Now, the company is not yet publicly-traded, but it is preparing to split its action. According to a report from CNBC, SpaceX is proposing to its privatel-held shareholders to split their shares in a 10-for-1 ratio. If the company carries out its plan, the value of each share will be reduced to $56 per share.
No Impact on the Fundamentals
“The split has…
