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watch nowThe valuation of Elon Musk's SpaceX hit near $150 billion following a share sale by existing investors announced this week, CNBC has learned. The company did not announce a raise of new capital at this time, with the purchase offer representing a secondary sale of existing shares. Musk in April said that the company does "not anticipate needing to raise funding" to further bolster the programs for Starship, Starlink and other initiatives. SpaceX typically performs these secondary rounds about twice a year, to give employees and other company shareholders a chance to sell stock. A Starship prototype stands on the company's launchpad in Boca Chica, Texas on March 16, 2022.
Persons: Bret Johnsen Organizations: Elon, SpaceX, CNBC Locations: Boca Chica , Texas
At least 17 Tesla, SpaceX, and Boring execs have been authorized to work at Twitter, CNBC reports. At least 11 senior Tesla executives have been authorized to work at Twitter, including Silvio Brugada, director of software engineering, and RJ Sekator, Autopilot project manager, CNBC reported. Musk also gave the green light for at least three senior SpaceX executives and a further three from The Boring Company to work at Twitter, CNBC said. Twitter, Tesla, SpaceX, The Boring Company, and the executives named in this report didn't immediately respond to Insider's requests for comment, made outside normal US operating hours. In October, CNBC reported that Musk was bringing in 50 Tesla engineers to work at Twitter, including five senior leaders.
Ever since, he has enlisted high-ranking executives and engineers from his other businesses, including SpaceX, Tesla and The Boring Company, to help out at the social media company, according to internal records obtained by CNBC and conversations with recent Twitter employees. Musk has also enabled partners from investment firms who participated in the Twitter buyout access to work within the social media company. In his testimony, Musk characterized Tesla employees' work for him at Twitter as "just a voluntary thing." He also said: "This was sort of an after-hours, just if you're interested in evaluating the -- helping me evaluate Twitter engineering, that would be nice. In addition to Tesla employees, Musk has also enlisted execs and employees from SpaceX, the reusable rocket and satellite internet services company he founded in 2002, to help him at Twitter.
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