Elon Musk’s SpaceX is in talks to raise a funding round that values the rocket launch and satellite company at more than $150 billion , people familiar with the matter said.
The transaction being discussed represents a jump from the $125-billion valuation the company commandedTerms including the price haven’t been finalized and could still change, the people said. Shares are being discussed at roughly $85 apiece, up from a split-adjusted $70 during the last funding effort, according to the people.
Investors may buy new shares in SpaceX at the same time employees sell via a private placement, or tender offer, at the same valuation, they said.replying to the Bloomberg News story, Musk wrote “false” without elaborating. Representatives of SpaceX didn’t respond to requests for comment before publication.The company sends payload to orbit for private sector customers, the National Aeronautics and Space Administration and other government agencies.
It also ferries astronauts to and from the International Space Station for NASA, and has run the first private space tourismThe closely held company, led by Musk, the world’s richest man, is also building a constellation of thousands of Starlink satellites to beam broadband internet coverage to the Earth below.
Fake news.