SpaceX’s Starship rocket manufacturing facility in Boca Chica, Texas, as CEO Elon Musk (third from the appropriate) and President Gwynne Shotwell (third from the left) tour.
Steve Jurvetson on flickr
The valuation of Elon Musk’s SpaceX crossed $100 billion following a share sale by current traders introduced this week, CNBC has discovered.
SpaceX has an settlement with new and current traders to promote as much as $755 million in inventory from insiders at $560 a share, in accordance with a number of folks accustomed to the deal — rising the corporate’s valuation to $100.3 billion. The corporate didn’t elevate new capital at the moment, sources stated, with the acquisition provide representing a secondary sale of current shares.
The brand new share worth is a rise of 33% from SpaceX’s final valuation of $74 billion at $419.99 a share in February, when the corporate raised almost $1.2 billion. The corporate had an identical secondary transaction in February, with a deal for insiders to promote as much as $750 million on the time.
SpaceX’s new valuation makes it one of many uncommon non-public “centicorn” or “hectocorn” firms on the planet — a $1 billion unicorn 100 occasions over. Musk’s SpaceX is now the second-most helpful non-public firm on the planet, in accordance with CB Insights, behind solely China’s Bytedance and leaping previous fintech agency Stripe.
SpaceX CEO Elon Musk poses with the crew earlier than launch on September 15, 2021.
John Kraus / Inspiration4
The folks spoke to CNBC on situation of anonymity, as a result of SpaceX isn’t a publicly traded firm and the financing is non-public.
SpaceX didn’t reply to CNBC’s request for remark.
The corporate’s valuation has soared in the previous few years as SpaceX has raised billions to fund work on two capital-intensive initiatives: Starship and Starlink.
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