Welcome to Sea King Alpha's Wall Street breakfast, where we cover the top news for investors every morning.

Good morning. Today is Wednesday, December 13th. I'm Julie Morgan.

Could SpaceX be worth even more than $175 billion?

XBO is purchasing some yellow assets

since Snapchat sees an increase in its paid subscribers.

SpaceX will offer insider shares for $97 a piece, increasing the company's valuation to around $180 billion. This is from a

Bloomberg report that cited people familiar with the matter. This represents a

considerable rise from the previous expected valuation of $175 billion,

as the space firm was evaluating offering shares at about $95 a piece.

However, the terms and size of the tender offer have not been finalized

yet, according to the report. The higher valuation is likely due to strong investor demand

for the rocket maker's shares and its rapidly expanding

Starlink Internet from Space Service, which crossed 2 million active users this year.

SpaceX has also become a key launch provider for NASA and has a

major deal worth billions of dollars to develop its Starship rocket into a

lunar lander to send astronauts to the moon.

A federal bankruptcy court has approved an offer for

ex-PO to acquire 28 service centers that are owned by now bankrupt Yellow Corporation.

The LTL freight provider is purchasing 26 locations and will acquire the leases for the other

two.

The acquisition is expected to close by the end of the year. The locations of the

service centers include Atlanta, Houston, Indianapolis, Las Vegas, Minneapolis, and Nashville.

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