Bank Of Baku

Musk's SpaceX reportedly close to $150B valuation

Musk
# 14 July 2023 06:14 (UTC +04:00)

Billionaire Elon Musk's SpaceX neared a valuation of $150 billion after the sale of stock which was conducted by existing investors, APA reports citing CNBC.

According to a purchase offer copy sent by CFO Bret Johnsen, which the media outlet obtained, an agreement among SpaceX and new and existing investors was made to sell up to $750 million in shares from insiders at $81 apiece. The latest share price beats the one from a previous secondary sale, which stood at $77.

The Wall Street Journal reported about the company's valuation plans back in June, adding that, according to investors, the main driver of SpaceX's valuation was Starlink.

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