Elon Musk's SpaceX Rockets Towards New Heights With A Huge Near $150B Valuation
- 9 months ago
Elon Musk‘s SpaceX has reportedly achieved a staggering valuation of nearly $150 billion.
What Happened: According to CNBC, the rocket manufacturer’s valuation soared after a share sale by existing investors.
The company has agreed to sell up to $750 million in stock from insiders at $81 a share, representing a secondary sale of existing shares, CNBC reported, citing a copy of the purchase offer sent by CFO Bret Johnsen on Thursday.
What Happened: According to CNBC, the rocket manufacturer’s valuation soared after a share sale by existing investors.
The company has agreed to sell up to $750 million in stock from insiders at $81 a share, representing a secondary sale of existing shares, CNBC reported, citing a copy of the purchase offer sent by CFO Bret Johnsen on Thursday.