Business Maverick: Elon Musk’s SpaceX in Talks to Raise Funds at $44 Billion Valuation

  • 📰 dailymaverick
  • ⏱ Reading Time:
  • 7 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 6%
  • Publisher: 84%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

Billionaire Elon Musk’s Space Exploration Technologies Corp. is in talks to raise new capital at a valuation of about $44 billion, according to people with knowledge of the matter.

The company, better known as SpaceX, is in discussions with investors to raise about $1 billion at a price of $270 a share, said the people, who asked not to be identified because the talks are private. The round would value the company at about $44 billion, before taking into account the new capital, they said.

At a roughly $44 billion valuation, SpaceX would rank as one of the most valuable venture-backed companies in the U.S.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in ZA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Business Maverick: Tesla Growth Is Musk’s Goal After Profit Positions Stock for S&PTesla Inc. managed to stay profitable even in the midst of a global pandemic, but something is still nagging at Elon Musk: the electric-car maker isn’t growing fast enough.
Source: dailymaverick - 🏆 3. / 84 Read more »

Business Maverick: BlackRock CEO Sold $24 Million of Stock as Insider Sales UpBlackRock Inc. Chief Executive Officer Larry Fink sold $24.2 million of stock in the world’s largest asset manager, bringing his sales this year to $74.4 million.
Source: dailymaverick - 🏆 3. / 84 Read more »

BUSINESS MAVERICK: Interview: SA’s vaping industry is going up in smokeCo-operative Governance Minister Nkosazana Dlamini Zuma’s failing war on smoking has also knee-capped the fast-growing vaping industry. Business Maverick spoke to Asanda Gcoyi, CEO of the Vapour Products Association of South Africa about this state of affairs.
Source: dailymaverick - 🏆 3. / 84 Read more »