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SpaceX in talks to raise nearly $1 billion at $150 bln valuation -sources

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Billionaire Elon Musk's SpaceX is in talks to raise nearly $1 billion in a new round that would value the rocket-launch and satellite company at about $150 billion, sources told Reuters.

The ongoing talks offer SpaceX's share at about $85 apiece, up from the $125 billion valuation the company fetched earlier this year, sources said, suggesting strong investors' appetite while many late-stage venture capital-backed startups have to cope with valuation cut.the raise on Tuesday. SpaceX did not respond to a Reuters request for comment.

Investors could buy new shares issued by SpaceX, or from employees who opt to sell via a private placement, or tender offer. The primary raise could fetch nearly $1 billion, one of the sources added. As one of the most valuable private companies in the world, SpaceX has regularly provided liquidity programs for employees so they can sell their shares in the secondary market without the company going public.

Musk has said he plans to provide similar shares and liquidity programs for Twitter, the social media company he took private in a $44 billion deal.

 

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