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Work Advice: His bosses loved his work — until they didn't

Work Advice: His bosses loved his work — until they didn't

Reader: I'm writing on behalf of my husband, who's currently on hour 13 of another 15-hour workday.
He was hired about two and a half years ago to manage a huge project at a medium-sized global company. He delivered the project successfully, on time and on budget. About a week later, he had his annual review with his boss, which was sterling — he was recognized as a hard worker, collaborative and smart, who delivered results. He received a small raise and a generous bonus.
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SpaceX valuation to hit around $400B in share sale
SpaceX valuation to hit around $400B in share sale

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SpaceX valuation to hit around $400B in share sale

(Bloomberg) — SpaceX ( is discussing plans to raise money and sell insider shares in a deal that would value Elon Musk's rocket and satellite maker around $400 billion, people familiar with the matter said. The valuation would mark a significant premium to the $350 billion high-mark set during SpaceX's share buyback in December. It would put the privately held firm on par with the market capitalizations of some of the world's largest, publicly traded companies, including Home Depot Inc. and Palantir Technologies Inc. A representative for SpaceX, formally known as Space Exploration Technologies Corp., didn't immediately respond to a request for comment. SpaceX's strategy, one of the people said, involves launching a primary fundraising round during which it would sell new shares to investors, said some of the people, who asked not to be identified discussing nonpublic information. One of SpaceX's fundraising rounds, in 2021, took in some $850 million. Separately, SpaceX also plans a so-called tender or secondary offering, through which employees and some early shareholders can sell shares, the people said. The details could change depending on interest from insider sellers and buyers, as has happened during previous company buybacks, said the people. The valuation reflects a range of factors, including the rise of its fast-growing Starlink satellite internet unit and its ability to achieve new milestones with its Starship rocket program. SpaceX, already among the industry's preeminent rocket launch providers, is working to get development of the revolutionary launch system back on track after a string of explosive setbacks, including a huge blast on its test stand in Texas in June. Subscribe Now: The Business of Space newsletter covers NASA, key industry events and trends. Musk, the world's richest person, is also again locked in a tit-for-tat public feud with US President Donald Trump, this time over the president's landmark spending and tax-cut package, and has teased the idea of launching a new political party. The latest sparring further erodes a one-time alliance between Musk and the White House that signaled a windfall of opportunity across the billionaire's business empire. (Updates with details on the transaction and company from fourth paragraph.) ©2025 Bloomberg L.P.

SpaceX valuation to hit around $400B in share sale
SpaceX valuation to hit around $400B in share sale

Yahoo

time3 hours ago

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SpaceX valuation to hit around $400B in share sale

(Bloomberg) — SpaceX ( is discussing plans to raise money and sell insider shares in a deal that would value Elon Musk's rocket and satellite maker around $400 billion, people familiar with the matter said. The valuation would mark a significant premium to the $350 billion high-mark set during SpaceX's share buyback in December. It would put the privately held firm on par with the market capitalizations of some of the world's largest, publicly traded companies, including Home Depot Inc. and Palantir Technologies Inc. A representative for SpaceX, formally known as Space Exploration Technologies Corp., didn't immediately respond to a request for comment. SpaceX's strategy, one of the people said, involves launching a primary fundraising round during which it would sell new shares to investors, said some of the people, who asked not to be identified discussing nonpublic information. One of SpaceX's fundraising rounds, in 2021, took in some $850 million. Separately, SpaceX also plans a so-called tender or secondary offering, through which employees and some early shareholders can sell shares, the people said. The details could change depending on interest from insider sellers and buyers, as has happened during previous company buybacks, said the people. The valuation reflects a range of factors, including the rise of its fast-growing Starlink satellite internet unit and its ability to achieve new milestones with its Starship rocket program. SpaceX, already among the industry's preeminent rocket launch providers, is working to get development of the revolutionary launch system back on track after a string of explosive setbacks, including a huge blast on its test stand in Texas in June. Subscribe Now: The Business of Space newsletter covers NASA, key industry events and trends. Musk, the world's richest person, is also again locked in a tit-for-tat public feud with US President Donald Trump, this time over the president's landmark spending and tax-cut package, and has teased the idea of launching a new political party. The latest sparring further erodes a one-time alliance between Musk and the White House that signaled a windfall of opportunity across the billionaire's business empire. (Updates with details on the transaction and company from fourth paragraph.) ©2025 Bloomberg L.P.

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