Daily Management Review

SpaceX is in talks to raise $1 billion through stock sale - Bloomberg


US aerospace corporation SpaceX, owned by billionaire Elon Musk, is in talks to raise funds by selling its shares worth about $ 1 billion, Bloomberg reported, citing sources familiar with the matter.

"SpaceX is in talks with investors to raise about $ 1 billion at a price of $ 270 per share," the newspaper reported. At the same time, sources add that the fundraising round is unlikely to be completed in the next couple of months, and the timing may change.

Bloomberg notes that the company itself is estimated at $ 44 billion.

According to data from Morgan Stanley, which is cited by the agency, to date SpaceX has managed to raise about $ 3.5 billion, and ultimately the company could be worth up to $ 175 billion.

Space Exploration Technologies Corporation (SpaceX) is an American space technology company. The firm was founded in 2002 by Elon Musk with the aim of reducing the cost of space travel and to open the way for the colonization of Mars.

source: bloomberg.com