The email from Limp did not provide details about the new plan, other than saying, “As Blue achieves its goals and increase in value your equity will grow alongside it.”
To compete with SpaceX, Blue must continue to grow. The exact numbers that SpaceX will target with its IPO have not been set, but the company is likely to seek a valuation in the vicinity of $1.5 trillion, which would raise between $30 billion and $50 billion in cash. This is on top of SpaceX’s estimated 2026 revenue of $22 billion to $24 billion.
This gives SpaceX CEO Elon Musk a massive pile of capital to throw at his
→ Continue reading at Ars Technica
