Elon Musk’s SpaceX valuation $100 billion

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.

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.