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SpaceX Looks to Raise $1 Billion

24 Jul 2020, 18:04 UTC
SpaceX Looks to Raise $1 Billion
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Elon Musk (Credit: SpaceX)

Bloomberg reports Elon Musk’s SpaceX is in discussions to raise another $1 billion in investment at a price of $270 per share.

The round would value the company at about $44 billion, before taking into account the new capital, they said.At a roughly $44 billion valuation, SpaceX would rank as one of the most valuable venture-backed companies in the U.S.In a research report dated July 20, Morgan Stanley said the company ultimately could be worth as much as $175 billion. The bank said it remains “focused on the needs and sources of capital for SpaceX as a potential catalyst to increase the relevance of space for public investors.”

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