FINANCE

Elon Musk’s SpaceX is worth 100 100 billion


As SpaceX’s Starship rocket production facility in Boca Chika, Texas, CEO Elon Musk (third from right) and President Guinness Shotwell (third from left) visit.

Steve Jurvetson on Flickr

Elon Musk’s valuation of SpaceX has exceeded 100 100 billion since the sale of shares to existing investors announced this week, CNBC has learned.

SpaceX has a deal with new and existing investors to sell up to 75 755 million from stock insiders for 5 560, according to multiple people familiar with the deal – raising the company’s value to .3 100.3 billion. The company did not raise new capital at this time, sources said, adding that the purchase offer represents a second sale of existing shares.

The new shares represent the latest price of SpaceX from ড 1 billion to% 191 billion in February, when the company raised about ২ 1.2 billion. The company had a similar secondary transaction in February, at which time it had a sale agreement of up to $ 750 million for insiders.

SpaceX’s new valuation makes it one of the world’s rarest private “centicorn” or “hectocorn” companies – $ 1 billion unicorns, 100 times more. According to CB Insights, Musk’s SpaceX is now the world’s second most valuable private company, surpassing only China’s ByteDance and past fintech firm Stripe.

SpaceX CEO Elon Musk poses with the crew before launch on September 15, 2021.

John Krause / Inspiration4

People spoke to CNBC on condition of anonymity because SpaceX is not a publicly traded company and the funding is private.

SpaceX did not respond to a request for comment from CNBC.

The company’s valuation has increased over the past few years as SpaceX has raised billions to work on two capital intensive projects: Starship and Starlink.

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