SpaceX Now Reportedly Valued at Over $100 Billion Following Secondary Share Sale This Week, Elon Musk's Stake Likely Worth Over $43 Billion
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SpaceX has crossed the $100 billion valuation mark this week following a secondary share sale, according to CNBC.
The company has agreed to sell up to $755 million in stock from insiders at $560 a share, which values the company at $100.3 billion. The last time SpaceX raised funds was in February this year when it secured $1.2 billion in new funding at a valuation of $74 billion.
The latest private market valuation has pushed SpaceX into second place of the most valuable private companies globally, behind China’s Bytedance (TikTok owner).
According to filings with the Federal Communications Commission (FCC), Musk owned 43.61% of SpaceX's outstanding stock as of end-August and had voting control of 77.97% of the outstanding stock of SpaceX.
This would imply a $43.7 billion valuation of the stake Musk owns in SpaceX, the company he founded in 2002.
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