Report: SpaceX Looks to Raise Funds at $44B Valuation
By Gillian Tan, Katie Roof | July 24, 2020
SpaceX headquarters in Hawthorne, California. Photo: Pixabay.
Bloomberg reports that billionaire Elon Musk’s Space Exploration Technologies Corp. is in talks to raise new capital at a valuation of about $44 billion, according to people with knowledge of the matter.
The company, better known as SpaceX, is in discussions with investors to raise about $1 billion at a price of $270 a share, said the people, who asked not to be identified because the talks are private. The round would value the company at about $44 billion, before taking into account the new capital, they said.