SpaceX in fundraising talks at $150 billion valuation


© Reuters. FILE PHOTO: A SpaceX Falcon 9 rocket with the Dragon capsule launches from Pad-39A on the Crew 5 mission carrying crew members commander Nicole Mann, pilot Josh Cassada, Roscosmos cosmonaut Anna Kikina and Mission Specialist Koichi Wakata from the Japan

(Reuters) – Billionaire Elon Musk’s SpaceX is in talks to boost funding in a round that may value the rocket-launch and satellite company at greater than $150 billion, Bloomberg News reported on Tuesday, citing people accustomed to the matter.

The transaction being discussed represents a jump from the $125 billion valuation the corporate commanded earlier this 12 months, in line with the report.

The corporate didn’t immediately reply to a Reuters request for comment.

SpaceX’s shares are being offered at each for about $85, the Bloomberg report said.

Investors may buy recent shares in SpaceX at the identical time employees sell via a personal placement, or tender offer, at the identical valuation, the report added.

SpaceX competes with (NASDAQ:) founder Jeff Bezos’s space enterprise Blue Origin and billionaire Richard Branson’s Virgin Galactic within the burgeoning constellation of economic rocket ventures.

Starlink is SpaceX’s growing network of 1000’s of web satellites.

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