These shares are allegedly up for grabs and gunning for the $140 billion mark. SpaceX is reportedly looking into a tender offer for the public, one where it will sell its insider shares to more people to increase its valuation to a massive $140 billion.
Musk said earlier this week he would buy Twitter for $54.20 per share, the price that was agreed in April, but included a condition that the closing of the deal be contingent on debt financing for the transaction coming through.
Funding alert: Elon Musk s SpaceX raises $850 million, valuation zooms $74 billion
Tesla boss Elon Musk s Space X raised the funds at $419.99 a share
Reuters | February 17, 2021 | Updated 08:50 IST
Elon Musk
Tesla boss Elon Musk s SpaceX completed an equity funding round of $850 million that sent its valuation to about $74 billion last week, CNBC reported on Tuesday, citing people familiar with the financing.
SpaceX raised the funds at $419.99 a share, CNBC reported here.
The company did not immediately respond to a Reuters request for comment.