SpaceX Closes in on $150 Billion Valuation After Stock Sale
SpaceX, the private aerospace manufacturer and space transportation company, is moving closer to a staggering valuation of $150 billion after announcing an agreement to sell up to $750 million in stock to both new and existing investors. The deal, which was announced Thursday, was arranged based on a price of $81 per share. This new share price represents a 5% increase from the company's prior secondary stock sale, which was held at $77 per share. As a result, this increased share price is pushing the company's valuation close to $140 billion. The development is noteworthy due to SpaceX's…
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