Elon Musk’s space company SpaceX is facing new financing

Elon Musk

The SpaceX boss still held around 44 percent of the unlisted company in August 2021.

(Photo: AP)

new York According to media reports, SpaceX is planning a new round of financing. Tesla boss Elon Musk could value the space company at $125 billion. This is reported by the newspaper “New York Post” and the agency Bloomberg. They rely on insiders.

With the new funding, SpaceX could become the highest-rated US startup of all time, according to analytics firm CB Insights. SpaceX was most recently valued at $100 billion, according to PitchBook Data. SpaceX did not initially respond to a request.

Several investors are reportedly in talks to buy shares in the company. It would be the 39th change in investor base at the unlisted company. In addition, existing shareholders could sell securities at the same valuation as part of a “private placement”. This means that the shares are only offered to a selected group of investors.

The shares could also be offered in an employee tender offer at a price of $70 per share. SpaceX employees who hold company securities would be able to sell them to investors. In October, the price was reportedly $56 a share. It is unclear whether Musk himself also wants to sell shares. The scope is also open.

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The New York Post first reported that Musk could sell SpaceX stock to help finance part of his takeover of social network Twitter. As of August 2021, Musk still owned 44 percent of SpaceX stock, according to public records. The “New York Post” is a tabloid, but is considered to be well informed about Elon Musk’s personality.

Start of the SpaceX mission

Three space tourists are to carry out a series of experiments on the ISS.

(Photo: Reuters)

The entrepreneur had sought several sources of finance in recent weeks to complete the Twitter purchase. On Tuesday, he said he would only close the deal if Twitter can prove that fewer than five percent of its users are fake accounts.

Space fan Musk

Musk personally argues against a sale of SpaceX shares due to his connection to the space company he founded in 2002. SpaceX employs around 10,000 people and is considered a pioneer in commercial space travel. Only thanks to SpaceX can NASA bring astronauts into orbit again on its own.

>>> Read here: Elon Musk is a visionary – and is increasingly alone

It was not until February 10, 2022 that Musk conjured up this vision at his starbase in Texas. Against the backdrop of his “Starship” from SpaceX, he called for people to be taken to the moon and to Mars. “Let’s make this happen!” Musk shouted.

The 50-year-old entrepreneur is considered a space fan. “You want to wake up in the morning and believe that the future will be great,” is one of his mottos. “And that’s what a spacefaring civilization is all about. I can’t think of anything more exciting than going out to the stars.”

In April, SpaceX and NASA transported paying guests to the International Space Station for the first time – for $55 million per ticket.

More: Elon Musk’s SpaceX shoots four space tourists into space alone – it’s a daring experiment

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