The past few months have been tumultuous for public companies linked to either Elon Musk or spacetech. By contrast, SpaceX, the most valuable private, venture-backed unicorn, has been comparatively stable. SpaceX's valuation hit $350 billion in December following a closely watched secondary share sale. In that transaction, the company and investors agreed to buy $1.25 billion in stock from insiders at $185 a share. These days, a share of Hawthorne, California-based SpaceX on private share marketplace Forge is valued higher, at around $229. ''1 That kind of rise in months following a large tender offer isn't unusual, as such offerings commonly set a price floor for subsequent, smaller share trades, said Howe Ng, head of data and investment solutions at Forge. Falling sales in China and multiple European markets contributed to the selloff. We're also seeing backlash from much of Tesla's former and prospective U.S. customer base regarding its CEO's political activities. After Monday's...
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