NEW YORK: Billionaire Elon Musk’s SpaceX is looking to raise new capital at a valuation of about $44 billion, Bloomberg News reported yesterday.
The company is in talks with investors for raising about $1bn at a price of $270 a share, the report said, adding that the round is unlikely to be completed within the next couple months and terms could change.
SpaceX’s Crew Dragon capsule delivered Nasa astronauts Bob Behnken and Doug Hurley to the International Space Station in May, marking the first US space capsule to do so with a crew since 2011. The private rocket company also raised $346.2 million in May at a valuation of about $36bn.
Tesla on Wednesday posted a profit for four straight quarters, a condition for it to be considered for the stock index of the largest US companies.