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SpaceX reportedly in talks for secondary sale at $800B valuation, which would make it America’s most valuable private company

According to the Wall Street Journal, SpaceX is launching a secondary share sale that would value Elon Musk’s rocket maker at $800 billion — double its recent $400 billion valuation and surpassing OpenAI to claim the title of America’s most valuable private company. SpaceX has not responded to a request for comment; the WSJ not … Read more

SpaceX aims for $800B valuation in secondary share sale, WSJ reports

Elon Musk’s SpaceX, is initiating a secondary share sale that would give the company a valuation of up to $800 billion, The Wall Street Journal reported Friday. SpaceX is also telling some investors it will consider going public possibly around the end of next year, the report said. At the elevated price, Musk’s aerospace and … Read more

Crypto founders are getting very rich, very fast via secondary sales

The startup world celebrates stories of founders who scratch and claw for years and, finally, become multi-millionaires when the business they built goes public or is acquired. These tales of wealth are common in crypto too—though the path to a big payday is often much shorter.  Case in point: Bam Azizi founded crypto payments firm … Read more

Revolut launches secondary stock sale at $75B valuation

Revolut has begun a secondary share sale valuing the fintech at $75 billion, allowing employees to sell up to 20% of their holdings in one of Europe’s largest private tech transactions to date.  Summary Revolut has launched a $75B secondary sale, letting employees sell 20% of their shares. The company nearly doubled revenue and profit … Read more

For Q2, the size of the VC secondary market reached $61.1 billion, according to PitchBook

The rise of secondaries has been one of the private markets’ most resilient and undeniable narratives in recent years. Consider: In the late ‘90s and early 2000s, secondaries were looked down upon, fretted about as signs of distress or sales at a discount. Today, not so. I don’t think it’s an exaggeration to say secondaries … Read more

Is India first to face Trump’s ‘secondary’ tariff on Russia?

India’s Prime Minister Narendra Modi (L) attends a meeting with US President Donald Trump during the G20 Osaka Summit in Osaka on June 28, 2019. Brendan Smialowski | AFP | Getty Images In the frenzied run-up to Friday, Aug. 1 — the day when U.S. President Donald Trump’s new tariffs come into effect (no more … Read more

Figure AI sent cease-and-desist letters to secondary markets brokers

Last month, Brett Adcock, founder of a robotics startup Figure AI, claimed in a post on X that his company “is now # 1 most sought-after private stock in the secondary market.” But the company has sent cease-and-desist letters to at least two brokers who run secondary marketplaces, those brokers told TechCrunch.These people said Figure … Read more

Trump threatens secondary tariffs on Russian oil if no deal on Ukraine

Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world Donald Trump said he was “pissed off” with Vladimir Putin for foot-dragging in talks over a ceasefire with Ukraine, as the US president threatened secondary tariffs on buyers of Russian oil if no … Read more

Fintech startup Ramp nearly doubles valuation to $13B in secondary share sale

Expense management startup Ramp has nearly doubled its valuation to $13 billion after a $150 million secondary share sale, the company announced Monday morning. New and existing backers including VC Stripes, GIC, Avenir Growth, Thrive Capital, Khosla Ventures, General Catalyst, Lux Capital, 137 Ventures, and Definition Capital bought the secondaries from employees and early investors. … Read more

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