A recent news story quoting sources states that SpaceX intends to offer insider shares for $97 a piece in a tender offer, signifying a major price rise. The rocket industry is currently one of the most valuable private companies in the world, valued at about $150 billion. According to sources, Musk’s X (formerly Twitter) is expected to earn roughly $2.5 billion in advertising income in 2023, a sharp decline from previous years. The study also stated that for each of the first three quarters of this year, X brought in little over $600 million in advertising income. With subscription and data license fees taken into account, this estimate places 2023 sales at approximately $3.4 billion.

Source: Mint December 14, 2023 12:49 UTC