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Search resuls for: "Krystal Hu Eva Mathews"


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☆ SpaceX mulling secondary share sale at $150 billion valuation -sources
  + stars: | 2022-11-16 | by ( Krystal Hu Eva Mathews | Krystal Hu | Eva Mathews | ) www.reuters.com   time to read: +2 min
REUTERS/Michael Weekes Jr./File PhotoNov 15 (Reuters) - Elon Musk’s rocket and satellite company SpaceX is in talks about an offering of mostly secondary shares that could value the company at up to $150 billion, representing a 20% increase in valuation, sources told Reuters. The offering would be aimed at helping employees and shareholders cash out, two of the sources said. That view appears to contradict earlier information from a separate source that the offering would raise up to $1 billion for SpaceX via a new share issuance. Talks with potential investors are centering around a price of $85 apiece for SpaceX shares, up from a split-adjusted $70 per share fetched earlier this year, sources said. The valuation is still fluid and any share sale plan, which requires SpaceX’s approval, could still change, the sources cautioned.
☆ SpaceX in talks to raise nearly $1 billion at $150 bln valuation -sources
  + stars: | 2022-11-15 | by ( Krystal Hu Eva Mathews | Krystal Hu | Eva Mathews | ) www.reuters.com   time to read: +2 min
REUTERS/Michael Weekes Jr./File PhotoNov 15 (Reuters) - Billionaire Elon Musk's SpaceX is in talks to raise nearly $1 billion in a new round that would value the rocket-launch and satellite company at about $150 billion, sources told Reuters. The ongoing talks offer SpaceX's share at about $85 apiece, up from the $125 billion valuation the company fetched earlier this year, sources said, suggesting strong investors' appetite while many late-stage venture capital-backed startups have to cope with valuation cut. Investors could buy new shares issued by SpaceX, or from employees who opt to sell via a private placement, or tender offer. The primary raise could fetch nearly $1 billion, one of the sources added. Investors have shown strong interest in SpaceX as the company has had a series of breakthroughs this year.
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