FILE PHOTO: SpaceX owner and Tesla CEO Elon Musk gestures after arriving on the red carpet for the Axel Springer award, in Berlin, Germany, December 1, 2020. REUTERS/Hannibal Hanschke/File Photo
January 29, 2021
(Reuters) – Elon Musk’s rocket company SpaceX could be valued at a minimum of $60 billion as it finalizes a funding round expected to close in February, Business Insider reported on Thursday, citing three people familiar with the matter.
The latest round is expected to price each share between $325 and $350, the report said. (https://bit.ly/39rlnoU)
The report added while details of the deal are still being ironed out, it is possible that SpaceX’s valuation could reach as much as $92 billion, up from a $46 billion valuation in a funding round in August.
SpaceX did not immediately respond to a Reuters request for comment.
(Reporting by Chavi Mehta in Bengaluru; Editing by Aditya Soni and Sriraj Kalluvila)