Sand Hill Road Technologies Fund gives accredited, high net worth retail investors access to institutional private equity, including direct (non-fractional) private shares of SpaceX
Sand Hill Road Technologies Fund and it's network LPs and Private Equity funds acquire private shares from shareholders, officers directors, and employees of the company, along with other funds, LPs, or our current members.
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Being an accredited investor opens up a world of private equity opportunities that are usually only available to institutional investors.
Sand Hill Road Technologies Fund is providing accredited investors with access to private equity investments in companies including Neuralink, Open AI, Stripe, Databricks, SpaceX/Starlink.
The valuation of Elon Musk’s SpaceX hit $180B based on an ongoing secondary share sale.
The company is discussing an agreement with investors to sell stock from insiders, according to a person familiar with the discussions. The offer does not include raising new capital, as the purchase offer represents a secondary sale of existing shares and is expected to close in January.
SpaceX typically performs these secondary rounds about twice a year, to give employees and other company shareholders a chance to sell stock. The latest valuation represents a 20% increase from SpaceX’s previous high of $150B, which the company hit through a July secondary sale.
SpaceX Valuation Tops Boeing, Raytheon After Insider Share Sale Boosts It to Near $150B.
SpaceX, the privately held company that's developing its Starship rocket system and Starlink network of communications satellites in Texas.
The new valuation launches Musk's SpaceX past Boeing Co. and Raytheon Technologies to become the most valuable aerospace and defense company in the United States.
Founded in Hawthorne, Calif., in 2002, SpaceX has carved out a near monopoly in the global rocket launching market. Its rocket soars into the skies almost every week from Florida, transporting humans to the International Space Station and carrying Starlink satellites into orbit.
SpaceX's satellite-internet business is its main driver of valuation. It launched nearly 5,000 satellites into low-Earth orbit and boasts more than 1.5M subscribers that make up most of its valuation.
SpaceX is gearing up for an ambitious mission schedule, aiming to increase its launch cadence to unprecedented levels
In 2023, Musk’s space exploration company surpassed its records. This was through conducting 74 orbital missions, the most ever in a single year for a private enterprise.
With plans to attempt 100 flights by the end of this year, SpaceX has set its sights on an even more ambitious goal for the next.
Demonstrated capability for rapid launches
SpaceX has demonstrated its capacity for rapid launch operations with multiple instances of launching two missions in a single day. Notably, in March of this year, they successfully sent two rockets into space within less than 4.5 hours of each other.
Satellite mega constellation expansion
One of the critical drivers for this increase in missions is SpaceX’s ambitious Starlink internet-satellite mega constellation project. With 5,000 operational satellites currently in orbit, SpaceX has approval to deploy up to 42,000 more, including 12,000 Starlink satellites and an application for an additional 30,000 spacecraft.
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