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The valuation of Tesla chief Elon Musk’s private space exploration firm, SpaceX, has topped a $100 billion valuation based on a private agreement between new and existing investors, CNBC reported Friday, representing a massive spike in value bested overall by only one other private company in the world.
Tesla CEO Elon Musk speaks in Hawthorne, California.
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Key Facts
SpaceX insiders have nabbed an agreement to sell as much as $755 million in private stock for $560 per share, CNBC reported Friday, citing unnamed sources familiar with the transaction.
The deal represents a 33% premium to prices of $419.99 from a February funding round and implies a firm valuation of approximately $100.3 billion.
The Hawthorne, Calif.-based company reportedly did not raise any…
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