Nov 15 (Reuters) – Billionaire Elon Musk’s SpaceX is in talks to boost funding in a spherical that may worth the rocket-launch and satellite tv for pc firm at greater than $150 billion, Bloomberg Information reported on Tuesday, citing individuals acquainted with the matter.
The transaction being mentioned represents a bounce from the $125 billion valuation the corporate commanded earlier this 12 months, based on the report.
The corporate didn’t instantly reply to a Reuters request for remark.
SpaceX’s shares are being provided at every for about $85, the Bloomberg report stated.
Traders could purchase new shares in SpaceX on the similar time staff promote through a personal placement, or tender supply, on the similar valuation, the report added.
SpaceX competes with Amazon.com (AMZN.O) founder Jeff Bezos’s area enterprise Blue Origin and billionaire Richard Branson’s Virgin Galactic (SPCE.N) within the burgeoning constellation of economic rocket ventures.
Starlink is SpaceX’s rising community of 1000’s of web satellites.
Reporting by Eva Mathews in Bengaluru; Enhancing by Maju Samuel
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